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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

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

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. 

Last week we were discussing Joe’s problem.  His brother Jim had been using Dad’s account to buy and sell Jim’s investments, presumably because having Dad pay the tax instead of Jim was more beneficial.  However, what happens when Dad applies for Medicaid? Medicaid will definitely question the $500,000 in assets transferred

Joe called me because he had just taken over Dad’s finances and the management of care from his brother, Jim.  That’s when he made a discovery that troubled him and caused him to reach out to us. Dad was still living at home alone but his health was declining.  Joe began