Irrevocable vs. Revocable Trusts – Is One Better than the Other? (Part 2)

                Last week I explained that the initial reaction to irrevocable trusts vs. revocable ones is generally negative.  People perceive there to be a loss of control or really a loss of the use of the funds transferred to irrevocable trusts.  But, is that really true?                 No, it isn’t because irrevocability is not synonymous […]

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Irrevocable vs. Revocable Trusts – Is One Better than the Other? (Part 1)

                When I talk about trusts – and specifically irrevocable ones – many people quickly reply that they don’t like irrevocable trusts because they don’t like the idea that they are losing control of their assets.  They much prefer a revocable trust.  Each type of trust has its uses but first, let’s look at what […]

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Assisted Living Medicaid Isn’t Necessarily Forever (Part 2)

                Last week I was telling you about Joe’s dad.  He had qualified for Medicaid in an assisted living facility (ALF) and been assigned one of the facility’s 10% of its beds that are set aside for Medicaid residents.  Everything was fine until he fell and broke his hip.  When the hospital was ready to […]

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Assisted Living Medicaid Isn’t Necessarily Forever – Part 1

                Dad is in an assisted living facility (ALF) and is close to running out of money.  I would like him to stay in that facility rather than moving him to a nursing home.  In the past I have discussed the hurdles of getting assisted living Medicaid, which is different than nursing home Medicaid in […]

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Trumpcare – What Doe it Mean for Long Term Care? (Part 2)

        Last week I was discussing the impact that the Republican party’s health care bill, dubbed by some “Trumpcare”, might have on long term care.    As of Friday it appears that the American Health Care Act is dead and Obamacare, at least for now, is still with us.  Nevertheless, let’s take a look at how […]

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Trumpcare – What Does It Mean for Long Term Care?

                As is a majority of the country, I am watching with great interest the development of President Trump and the Republican party’s proposal to repeal and replace Obamacare.  As an eldercare attorney focused on helping families figure out how to pay for long term care, someone asked me the other day how would the […]

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Getting a Money Settlement While on Government Benefits (Part 3)

                The past 2 weeks I outlined for you the problem of what to do with a money settlement that is received by someone currently on Medicaid.  A special needs trust is the solution most often recited.  But what choices does Joe have?  He is the 70 years old client currently in a nursing home […]

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Getting a Money Settlement While on Government Benefits (Part 2)

                Last week I outlined for you a common call I receive from attorneys who have successfully obtained money recoveries for clients who are currently receiving or may in the future need government benefits.  Special needs trusts have become more widely known in recent years and recognized as “the solution”.  However, as I wrote last […]

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Getting a Money Settlement While on Government Benefits – Part 1

                We get quite a few calls from attorneys who have settled cases or obtained judgments in favor of their clients to compensate them for pain and suffering resulting from slip and falls, car accidents, medical malpractice etc.  The amount recovered might be small – say $10,000.  In other cases it could be substantial – […]

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Solving Only One-Half of the Problem (Part 2)

                Last week I was telling you about a very typical call in our office.  Joe and Mary went to see an attorney to get their affairs in order when they learned that Mary had dementia.   It was a little more than 3 years later – when he could no longer care for Mary at […]

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