When I talk with people about long term care and the Medicaid program I sometimes hear very strong opinions that "it is wrong to transfer assets in order to qualify for Medicaid to pay for nursing home care". The person making the statement, however, typically hasnât really given any thought
Very often, when I prepare wills, powers of attorney and health care directives (living wills) for clients they react with surprise when they see the length of my documents. "Why", they say, "is the will you are preparing 20+ pages when my previous one was only 2?" "The document is
In the first show of Season 2 of his Elder Law Today Podcast, by listener request, Yale Hauptman has modified the format and shortened the length of his audio podcast. In a concise 10 minutes, Yale presents a common scenario that many families today are faced with. Dad has just recently been diagnosed with early
Mom is in her late 40's and divorced. She owns her own home worth approximately $250,000 but with a substantial mortgage with a balance of $150,000. Probably describes a lot of people. Except that Mom has Alzheimerâs. While the disease mostly affects the elderly, early onset Alzheimerâs is not uncommon.
A very common scenario we see is what Iâll call the case of the late in life second marriage. We all need companionship, especially after a spouse has died or after going through divorce. Itâs lonely being alone. So we have Joe and Mary. They marry in their 60âs. He has