A Muddy Medicaid Paper Trail Leads to Potential Financial Ruin (Part 2)
Last week we were discussing Gail’s difficulty getting Medicaid for her mom. She had spent down Mom’s assets but because there was not a clear paper trail, Medicaid was approved, but with a 6 month penalty. This meant that Gail would be on the hook for 6 more months of
A Muddy Medicaid Paper Trail Leads to Potential Financial Ruin ( Part 1)
Medicaid applications are getting tougher to get approved these days. Gail called us when Mom had just entered the nursing home after having lived with her for several years. Mom had 2 months of funds remaining. Gail called us to handle the Medicaid application. I told her we had to
Social Security – Take it Early or Not?
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
Is it a Gift or Theft (Part 2)
Last week we were discussing Rachel’s recent discovery that while her sister, Sara, was managing Mom’s finances, Sara was taking or being given – depending on which way you look at it – Mom’s money. Now that Medicaid was looking like a real necessity, Rachel was concerned, and for good