Estate Planning Lessons from a Mob Boss
Estate planning is not a favorite subject for most. Who wants to think about what happens if I die? But, when the rich and famous die, such as Soprano’s actor, James Gandolfini did earlier this summer, it becomes a hot topic, at least for a short while. Gandolfini’s estate is estimated
Lost Assets and Medicaid (Part 2)
Last week we were discussing George’s problem. He was rapidly spending down Mom’s assets and preparing to apply for Medicaid when he discovered that she and Dad owned some stock. He could not, however, locate the physical stock certificates. What to do? We asked George if he could find an account
Lost Assets and Medicaid
What happens if you need to apply for Medicaid and you know there are assets but you can’t locate them? We were working with George to prepare his mother for Medicaid. He was spending down her remaining assets when he discovered some papers that suggested she might own some stock
An Update on Family Responsibility Laws
Two years ago I wrote about family or “filial” responsibility laws. What does the law say about a child’s responsibility to pay for a parent’s care? The population is continuing to age and the problem of long term care isn’t going away so what, if anything, has changed in the