Medicaid is a partnership between the state and federal governments to provide medical benefit assistance to people, including those over age 65, who have financial need. In order to be considered to have financial need, when you go into a nursing home and go on Medicaid, you cannot have more than $2,000 (in most states) in “available” resources. Some resources don’t count, such as the car used for your medical transportation. Also, assets that cannot be used for your benefit, such as in an … [Read more...] about Irrevocable Medicaid Trusts
Avoiding Family Chaos in the Coronavirus Age
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. COVID-19 has impacted the lives of millions of people and countless events around the world. The coronavirus has infected over four million people around the world, including over a million in the United States. It has killed over 80,000 … [Read more...] about Avoiding Family Chaos in the Coronavirus Age
Low-Interest Loans: An Estate Planning Technique
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. COVID-19 has impacted the lives of millions of people and countless events around the world. The coronavirus has caused an unprecedentedly steep increase in unemployment and has roiled stock markets around the world. The resulting … [Read more...] about Low-Interest Loans: An Estate Planning Technique
Academy’s Spring Summit Virtually Perfect
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. COVID-19 has impacted the lives of millions of people and countless events around the world. The Academy’s Summit is a semi-annual conference bringing the latest developments in Estate Planning and Elder Law to the many members of the … [Read more...] about Academy’s Spring Summit Virtually Perfect
Academy’s Spring Summit Goes Virtual
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. COVID-19 has impacted the lives of millions of people and countless events around the world. The Academy’s Summit is a semi-annual conference bringing the latest developments in Estate Planning and Elder Law to the many members of the … [Read more...] about Academy’s Spring Summit Goes Virtual
Families Gather in Novel Ways in Pandemic
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. At this point, the virus has infected nearly two million people, including those on every continent except Antarctica, and over half a million in the United States alone. The coronavirus has wreaked havoc on social and family lives. The … [Read more...] about Families Gather in Novel Ways in Pandemic
Shrunken Asset Values Open Estate Planning Opportunities
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. At this point, the virus has infected over a million people, including those on every continent except Antarctica, and hundreds of thousands in the United States alone. The spread of the coronavirus has wreaked havoc on financial markets … [Read more...] about Shrunken Asset Values Open Estate Planning Opportunities
Economic Fallout from Coronavirus May Provide Opportunities
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. At this point, the virus has infected hundreds of thousands of people, including those on every continent except Antarctica. The spread of the coronavirus has wreaked havoc on financial markets around the world. While nobody would seek out … [Read more...] about Economic Fallout from Coronavirus May Provide Opportunities
Coronavirus and Nursing Homes
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. At this point, the virus has infected over a quarter million people on every continent except Antarctica. Nursing homes and long-term care facilities are especially hard hit. The biggest early cluster of COVID-19 in the United States was … [Read more...] about Coronavirus and Nursing Homes
St. Patrick’s Day and Coronavirus
Another St. Patrick’s Day is upon us. St. Patrick’s Day celebrates the feast of St. Patrick, the patron saint of Ireland. This is a religious and cultural celebration which celebrates all Irish heritage and all things Irish. Traditionally, people go to parades or crowd into bars and pubs to celebrate Irish heritage, even if they only have a wee bit (or none). However, this year St. Patrick’s Day celebrations around the globe are being postponed or cancelled due to the coronavirus outbreak. … [Read more...] about St. Patrick’s Day and Coronavirus
Preparing for Coronavirus
There’s a new virus that’s emerging, novel “coronavirus,” also called “COVID-19.” It first appeared in Wuhan, China in late 2019 and reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. At this point, the virus has infected near 100,000 people in 81 countries. There are hundreds of cases in the United States. Here’s the latest from the Centers for Disease Control (CDC). However, there is no reason to panic. … [Read more...] about Preparing for Coronavirus
Best Places to Retire: State Estate Tax
There are many factors which enter into your decision of where to live or retire. You may want to move to be closer to your grandchildren. You may want to be in the climate you prefer. One of the factors to include in your decision is taxation. As long as you live in the United States, you will be subject to federal estate taxation. In fact, even if you live overseas, if you are a U.S. Citizen or green card holder, you’ll be subject to federal estate taxes. But, if you die in 2020, you wouldn’t … [Read more...] about Best Places to Retire: State Estate Tax
