Author Archives: Yale Hauptman

Raising a Grandchild (Part 1)

       It is estimated that 2.7 million grandparents are raising their minor grandchildren in their homes.  The reasons for this are varied.  The birth parents may be unable to care for their children because of physical or mental illness, substance abuse, incarceration, homelessness, poverty, or unemployment.  In many cases the grandparents didn’t expect […]

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The Hidden Costs of Transferring Your Home (Part 2)

                In my post last week I told you about Joe’s call concerning the sale of his mother’s home.  A few years ago she went to an attorney to prepare a deed transferring the home to Joe and his sister, but keeping a life estate for herself.  A life estate is a legal right to […]

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The Hidden Cost of Transferring Your Home (Part 1)

       Joe sounded upset when he called us. His mother wanted to protect her home from the cost of long term care so a few years ago she transferred the house to Joe and his sister, keeping a life estate for herself. Now they want to sell the home because his mom needs […]

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New VA Rules Effective 10/18/18 (Part 3)

                This week’s post is my third in a three part series regarding the new changes to the VA Aid and Attendance program.  As I stated last week, the biggest focus will be on a new 3 year look back and penalty for transfer of assets.  That does in many cases take away the ability […]

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New VA Rules Effective 10/18/18 (Part 2)

                In last week’s post, I reviewed some major changes to the VA Aid and Attendance program.  The one that gets the most attention for obvious reasons is the imposition of a 3 year look back and penalty period.  This will restrict immediate access to the benefit for many veterans, at least those that don’t […]

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New VA Rules Effective 10/18/18 (Part 1)

                I have written many times in the past several years about possible rules changes to the VA Aid and Attendance pension program, which provides additional income to aging veterans and their spouses who need long term care.  Well, those changes are finally here and with almost no warning.  The new rules only announced late […]

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A Family Theft – Part 2

                In last week’s post I told you about Joe’s problem.  He needed to apply for Medicaid for his sister, Sophie.  His sister, Mary, however, had told him that she took some of Sophie’s money and spent it herself.  He had confirmed at least $100,000 and counting.                 As I explained last week that would […]

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A Family Theft – Part 1

                What happens if a family member takes money from another family member without permission and the second family member needs to apply for Medicaid?  That is exactly the scenario faced by Joe who called me about his two sisters, Mary and Sophie.                 Mary and Sophie had […]

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Hospital Escape Story – Part 2

                Last week I was telling you about a story related to me by a parent of children who just turned age 18 and which reinforced for her the importance of having proper legal documents in place now that would allow her to make important decisions for her children.                 So, where did everything go […]

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A Hospital Escape Story

                Every year between June and September we are contacted by parents who have children that have turned age 18 and are going off to college.  I have written in the past about the importance of parents having their child execute a power of attorney and health care directive because upon reaching the age of […]

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