Dear Attorney: I am so confused. My husband was just placed in a nursing home and will need Medicaid. Some of my friends are telling me that my husband and I can’t have life insurance policies. Is this true? ANSWER: While term life insurance policies do not count as assets for Medicaid eligibility, the value of whole life policies, (the …
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Dear Atty. Tully, My sister-in-law has a considerable amount in her IRA. Her husband is in a nursing home. Her main concern is that the state will take away her funds from the IRA if her husband applies for Medicaid. The IRA is only in her name. Can the state attach her money in the IRA? Answer: Without proper planning the state could …
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Understanding who your beneficiary is ensures that your assets are distributed according to your wishes after your passing. By designating a beneficiary, you have the power to determine who will receive your financial assets, such as life insurance, retirement accounts, and investment accounts. This helps to provide financial security for your …
There are many myths about Alzheimer's that people accept as common knowledge. However, many of these so-called "facts" could not be further from the truth. The Alzheimer's Association lists 8 myths associated with the disease. They are: Myth #1 - Memory loss is part of the aging process. While some memory lapses happen to all of us, …
Fifteen percent of those who suffer from Parkinson’s disease are under 40 and the rate of the illness increases with age. Although the cognitive skills of a person with Parkinson’s are not always affected by the illness, the hand tremors, stiffness and other mobility problems make everyday life difficult. Stress seems to exacerbate the problems …
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