by admin | Nov 18, 2023 | Nursing Home
Question: My widowed mother is getting close to needing a nursing home. She has too much money to qualify for MassHealth. However, my name is on her accounts as a joint owner. Will this cut the total value of her assets in half? Answer: The answer to this question is...
by admin | Nov 4, 2023 | Estate Planning, Nursing Home
Question: We attended a dinner hosted by a large estate planning firm. They got us excited about signing up for nursing home protection planning. To be safe, we sought your “second opinion.” You took a close look at our finances, saw our $1 million IRA and advised...
by admin | Oct 25, 2023 | Nursing Home
Question: My mother is entering a nursing home and applying for MassHealth to pay the monthly cost. They say her assets must be under $2,000 to qualify. She has one bank account containing $10,000 and one bond for $10,000. My name is on both assets with my mother....
by admin | Apr 27, 2022 | Nursing Home
Question: When a senior enters a nursing home what effect does their marital status have on MassHealth coverage? Answer: There are two sets of rules for married vs. single applicants for MassHealth long term nursing care coverage. Married folks appear to have it...
by admin | Aug 5, 2020 | Nursing Home
You hear radio commercials … You see TV commercials … You get invited to dinner presentations. Elder lawyers are constantly hawking the benefits of protecting your home with an irrevocable trust. Is it as simple as they say on TV? No. The hard-working legal department...
