If you are getting remarried, you obviously want to celebrate, but it is also important to focus on less exciting matters like redoing your estate plan. You may have created an estate plan during your first marriage, but this time it will probably be more complicated-especially if you have children from your first marriage or more assets. The …
Estate Planning and Probate
Never Too Late to Devise a Medicaid Plan
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 $204,000 per year. Life savings can be depleted quickly paying these …
You May Not Need To Spend Down
Dear Attorney Tully: I am terrified. My husband and I are probably younger seniors than you see in your practice, but my husband is very sick and in a nursing home for long-term care. I’ve been told I have to spend down almost all of our savings, including my IRA, in order for him to qualify for Medicaid. Is this true? ANSWER: Not …
Planning and Asset Protection Post COVID
Philosopher George Santayana noted, “Those who cannot learn from history are doomed to repeat it.” Both state and federal officials have announced that the public health emergency – Covid - is over. While we are all thankful for that announcement, many seniors are still contemplating their next step in protecting themselves and their …
Remembering the Fallen
On this Memorial Day, it is appropriate to remember the ultimate sacrifices made by those who served our country. We should take time to reflect and pay honor to the fallen men and women who so nobly served. Their sacrifices changed the lives of those who loved them forever. For many veterans in Connecticut, the rising cost of assisted living …
