Stimulus Checks Issued to Deceased People
A few weeks ago I wrote about Stimulus checks, the part of the CARES Act that gives one time payments of $1200 to every American whose adjusted gross income is $75,000 or less (and a smaller amount for those with income between $75,000 and $99,000). Since then, some people have received the payments direct deposited into their bank accounts while others have received checks in the mail. Because of the scope of the program and the speed with which it has been implemented, problems were to be expected. We have been contacted by family members and legal representatives of clients who have died and received payments. In some cases checks have been issued to people recently deceased and in other cases stimulus payments have been sent to people who died well before the COVID-19 crisis – in some cases 2 years before. I was interviewed for a CBS News story about this issue (https://newyork.cbslocal.com/2020/05/07/coronavirus-stimulus-check-for-deceased/?fbclid=IwAR0A2OHwjhQwgQBDLCRiBLYsdmkibonNQ8S9VNvQFvyXoNQoQigppFFB5hc#.XrSJd-d2wLQ.facebook) and stated that guidance would need to be provided regarding who is entitled to keep the payments and who must return them. That same day the IRS finally clarified the issue on its website. Payments made to someone who died before receipt of the payment must be returned (including people alive when the law passed but died before receiving the payment). In the case
Is it Still Possible to Probate a Will?
Last week, I heard the statistic reported that the number of Covid-19 related deaths has now exceeded the number of people who died in the Vietnam War. The Vietnam War, of course, spanned 11 years while the current pandemic has been ongoing for a few months at this point. The compressed time frame has caused many issues including, for example, putting stress on our health care system. It has also caused backlogs for funeral homes and in making burial arrangements. Understandably, our office has received an increase in calls from families who have buried loved ones and are seeking our assistance with estate administration issues. With the state still in lock down until at least the middle of this month, how have the court systems been affected? Is it possible to probate a will in these uncertain and unusual times? In New Jersey, probate of wills and estate administration in general are handled by the Office of the Surrogate, which is located in the county courthouse complex. Each county has a surrogate who is the elected official charged with managing that process, however, there are variations from county to county in terms of some of the procedures. The complete shut down of
Covid Medicare Coverage
What we know about the Coronavirus is that seniors are at a higher risk of serious illness than younger age groups. So how has Medicare, the primary health insurance program for Americans over 65, responded? Medicare will cover the cost of a Coronavirus test under Part B. Additionally, co-pays and deductibles have been waived as well as the costs associated with the test, such as a doctor’s visit or hospital observation. If and when a vaccine becomes available that too will be covered. If you need treatment for Covid-19, hospitalization is covered under Part A and outpatient services are covered under Part B. This is no different than treatment for any other injury or illness. Under normal rules if you are hospitalized for a minimum of 3 days and then discharged to a skilled nursing facility for rehabilitation, Medicare will cover as much as 100 days, although for days 21 through 100 there is a co-pay of $176 per day. (Many Medigap policies cover the co-pay.) Now, however, the 3 day hospital stay has been relaxed. If the hospital needs to transfer you to make room for new patients, you can get subacute coverage in a nursing facility under
Is the Stimulus Payment Counted by Medicaid
Last week I gave you an overview of the CARES Act and specifically how it affects seniors. A few days later people began to receive their $1200 stimulus payments directly deposited into their bank accounts, the part of the aid package that gives a one time payment to anyone who had $75,000 or less (a lesser amount for those between $75,000 and $99,000) in adjusted gross income in 2019 (or 2018 if you haven’t yet filed your 2019 income tax return). Since then we have received several calls asking how this payment affects Medicaid. As we know, Medicaid is a needs based program with strict income and asset limitations. So we must consider whether this payment is income or an asset? Assets must remain under $2000 at the end of each month to maintain eligibility for the next month so the concern is whether this payment would make someone ineligible if, when received, their bank account then exceeds $2000. If the payment is income then it must be included in calculating the amount of income that must be given to the nursing or assisted living facility as part of Medicaid’s cost share provision. In the case of home based Medicaid it would need to be turned over to the State of New Jersey. It might also trigger the need to
CARES Act – An Overview for Seniors and Their Families
The Coronavirus Aid, Relief and Economic Security Act (CARES Act) was passed by Congress and signed by President Trump last month. It is a $2 trillion aid package with a lot to it. Because of the speed with which it was written and passed, there is much confusion about what’s in it and who is eligible. This week’s post is meant to provide an overview, however, the details and exceptions are far more complicated than can be covered here. The following, however are some of the provisions that may be relevant to our clients and their families. Stimulus payment – Up to $1200 per individual ($2400 per married couple if you file a joint income tax return) plus $500 for each qualifying child. You qualify for the full payment if your adjusted gross income as shown on your 2019 tax return (or 2018 return if you haven’t filed 2019 yet) is $75,000 or less ($150,000 if married filing jointly). You can qualify for a smaller amount if your AGI exceeds $75,000 but you get nothing when you
Should I Move My Loved One?
As the current Covid-19 pandemic continues and experts predict that the peak in the number of new cases is expected to be reached sometime this month we have been taking calls from family members who want to know whether they should consider moving their loved one to another facility or to their own home. There isn’t a one size fits all answer and it depends on the facts of each particular case, however, there are a number of things to consider. The first point – which is obvious to most of us – is that just because Facility A where my mother resides has had reported cases of the virus and Facility B has not, does not by itself mean Facility B is safer. The virus continues to spread exponentially. Facility B may not have any cases when I move her in but that doesn’t mean tomorrow or next week there won’t be an outbreak. Most facilities in the state now have limited outside visitors to their buildings so that it will also probably be impossible to see Facility B before I make a decision. How about if I move Mom to my home temporarily? Is that safer? Maybe yes and maybe no. It depends on who I am living with. If a member