Timing is everything. How often have you heard someone express that sentiment? While it’s often true of life in general, it’s certainly true in Medicaid planning. So, does an inheritance count as an asset for Medicaid purposes? For a single person, the answer is clearly, “Yes.” If a single individual is spending down his or her assets, and …
Elder Law
Make the right choice when hiring an attorney
Dear Attorney Tully: I am so disgusted. Eight years ago we moved all of my father’s funds from my father to him and all three children. I thought after five years that Dad’s assets would be protected. Now we found out that NONE of the money is protected. Dad’s health is failing. What do we do? Answer: Unfortunately, many families add their …
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Its Never Too Late To Slash Nursing Home Bills
Most facilities in Connecticut can easily exceed $206,000 per year. Life savings can quickly be depleted paying these bills. As life savings are depleted, gone too, are the dreams many seniors have of leaving an inheritance to their children and grandchildren. Why do so many seniors think that Medicare will pay their nursing home bill? …
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Remembering Ronald Reagan and His Battle With Alzheimers
It has been 15 years since the death of former President Ronald Reagan. When President Reagan died, it reminded Americans about the devastating disease known as Alzheimer’s. Reagan wrote a letter to the country dated in 1994, which included these words: “Unfortunately, as Alzheimer’s disease progresses, the family often bears a heavy burden. I …
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Family Strife Over Elder Care? Consider an Elder Mediator
Dear Attorney Tully: I have a major problem with my family. My mother passed away recently. I did everything for her: I lived with her, I cared for her and made her comfortable for many years. My mother changed her will and gave everything to me because no one else in my family did anything for her. Now my brothers, who did nothing, are contesting …
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