Blog Archives
How Mom’s Estate Plan Did More Harm than Good
- Yale Hauptman
- on Jul, 22, 2013
- No Comments.
Sue called concerning her brother, John, who is 65 and disabled. “He has cerebral palsy”, she told me, “and he is wheelchair bound. He lives in senior housing and needs aides to assist him. Someone told me he is eligible for Medicaid because he has nothing other than his Social Security income of $1900 a […]
Read MoreDisabled Child of Not? Timing is Everything (Part 2)
- Yale Hauptman
- on Oct, 15, 2012
- No Comments.
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 […]
Read MoreDisabled Child or Not? Timing is Everything
- Yale Hauptman
- on Oct, 08, 2012
- No Comments.
The last 2 weeks we were discussing the transfer of a home to a child who has been living with the parent in that home. But, what about transferring the home to a disabled child? Isn’t that an exception to the Medicaid transfer rules? The answer is yes, but like all things Medicaid related, it […]
Read MoreCan’t I Transfer My Home to My Child Who is Living With Me and Still Get Medicaid? (Part 2)
- Yale Hauptman
- on Oct, 01, 2012
- No Comments.
Last week we were discussing Susan’s mistake of confusing Medicaid’s exempt asset rules vs. the transfer of assets rules. Mom transferred her home to Susan 4 years ago and now needs Medicaid. If she applies now there will be a Medicaid penalty, a period of ineligibility. There are, however, exceptions to this rule. I asked […]
Read MoreSocial Security – Take it Early or Not?
- Yale Hauptman
- on Jun, 11, 2012
- No Comments.
Much has been written recently about the pros and cons of taking Social Security early at age 62 vs. waiting till full retirement age (which gradually increases till it reaches age 67 for those born in 1959 and later). One article I read recently explains why it could be a huge mistake to take Social […]
Read MoreIs Your Long Term Care Plan Stuck in a Time Warp?
- Yale Hauptman
- on Jul, 18, 2011
- No Comments.
The amount of change in the last 15 years is incredible and the pace of change has quickened. Nothing stays the same forever, and forever is not as long as it used to be. We are starting to see this in the senior market, beginning with how the term “old” is viewed by seniors themselves […]
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Recent Posts
- A Long Term Care Mess (Part 1)
- Medicare Decision – 6 Years Later
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- Alternate Care Facilities (Part 2)
- Alternative Care Facilities (Part 1)