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Planning Before the First Spouse Dies

            Mary called because her mom was in a nursing home paying $11,000 per month. Her sister, Terry, disabled and living with Mom for many years, had her own health problems and was now living in a group home.             I asked about her mom’s finances. Mary told me she owned a home worth $450,000 […]

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Disabled Child of Not? Timing is Everything (Part 2)

Last week I was telling you about Rick.  His Dad transferred his home to Rick, who currently is disabled but was not at the time of the transfer.   I explained to Rick that the transfer, contrary to what he believed, is subject to a Medicaid transfer penalty of 51.5 months if Dad applies for Medicaid […]

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