When a loved one moves to a nursing home, family members are often shocked to learn that the bill is not paid by Medicare or health insurance. Few families have the money to pay the average nursing home bill themselves. In Connecticut the average nursing home bill is over $120,000 per year. Life savings can be depleted quickly paying these bills. …
Estate Planning and Probate
When a Loved One Dies
After a loved one dies, there are many issues which need to be addressed to wrap up the person's legal and financial affairs. The following is a checklist of issues to consider: - The funeral home should take care of providing you with certified copies of the death certificate. The number of death certificates you need will depend on the assets …
Life Expectancy Has Increased Considerably
Through the miracles of technology and science, our life expectancy has increased considerably over the last few decades. We are seeing people living longer and enjoying life to the fullest. While this certainly is good news, longer life brings with it unique and sometimes difficult circumstances. We may find ourselves in a situation where we …
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Can I Keep My House & Be On Medicaid?
President Lyndon Johnson had a vision of how older Americans should be treated. On July 30, 1965, President Johnson, at the signing of the Medicare Bill, talked about the purpose of Medicare and the dignity it would restore to America’s older citizens. President Johnson was clear about what the United States needed to do to protect older …
Gifting
Dear Attorney Tully: I am a recently retired senior. It seems funny to call myself a senior, but I guess I am. My girlfriend and I had a discussion recently over coffee. She said I can’t make gifts to my children because the state could come after it for 5 years! I thought I could give my two children $10,000 tax free gifts every year. My friend …
