Retitling Assets to Healthy Spouse to Qualify for Medicaid
It’s something I have written about in past blog posts but just last week we received a call from Mary on this exact issue. Her husband, George, has Alzheimer’s and now needs care at home. She is concerned that as his condition worsens it won’t be long before he
The ABLE Act – The Drawbacks
Last week I told you about the ABLE Act that was passed by Congress and signed by President Obama just before the Christmas holiday. It sounds great, allowing disabled individuals to set up savings accounts, similar to a 529 plan, without losing government benefits. But is it all its
The ABLE Act Passes
Just before the Christmas holiday break, Congress passed, and then President Obama signed into law, the Achieving a Better Life Experience Act (“the ABLE” Act). The ABLE Act allows people with disabilities to open special accounts, similar to 529 college savings plans. The interest
The Importance of a Well Crafted POA (Part 2)
Last week we were talking about the importance of a well drafted power of attorney or looking at it from the flipside, the problems caused by an inartfully drafted one. Two recent examples in our office highlight the dangers. In the first case, we