The Bank Told Me I Need a Tax Waiver
George called me because his father had recently died. He told me that his mother was having difficulty accessing all of Dad’s accounts. “The bank where he has most of his accounts wants a tax waiver,” George told me. I asked a few more questions. Dad had a few accounts at
Do You Have a Natural Support System?
It’s a growing epidemic, the number of aging Americans who have no one who would naturally be their support system as their health declines and they need assistance. A New York Times article the other day, titled “The Childless Plan for Their Fading Days”, highlights this problem and what some
Marriage and Medicaid (Part 2)
Last week we were discussing George’s dad and step-mother. Dad married Rita 5 years ago and now she needs nursing home care. Are Dad’s assets protected or must he spend them down towards Rita’s care? Even though Rita came to the marriage with few assets and they’ve been together only a
Marriage and Medicaid
George called me concerning his step-mom, Rita. Rita is in the hospital but about to be transferred to a nursing facility where she will remain on a long term basis once Medicare coverage stops. The conversation quickly turned to Medicaid. George explained that Dad and Rita have been married 5 years.