Maria asked me to handle the Medicaid application that needed to be filed on behalf of her father, George. We went over the assets he has left to spend down. That’s when Maria told me that George had set up 529 plans for his granddaughters. “Do we have to
Human life expectancy in the past 100 years has been substantially lengthened as a result of advances in medical science. However, as we know the quality of an extended life span isn’t always great. Many people live with serious illnesses such as COPD, heart disease, cancer, Parkinson’s Disease etc.
Last week I was telling you about Monica’s dilemma. She thought the home she and her husband, Paul bought together with her mom had been retitled to them 15 years ago with Mom retaining a legal right to live there for her life time. But, that’s not what happened.
I received a call the other day concerning the following dilemma. Monica and her husband, Paul had bought a home together with Monica’s mom 30 years ago. The home was held as tenants in common, meaning if, for example, Mom died her share would pass by way of her