Special needs planning requires special expertise. I sat down with a new client last week and asked to review her old estate planning documents. Her Will included a special needs trust for her young adult child with autism. The document was prepared by a prestigious firm, so I was shocked to find that the trust was completely wrong.» Read More
1. I can’t give away anything and qualify for Medicaid.
This is a complicated area of the law and readers should consult with a Certified Elder Law Attorney before they transfer their assets. Although transfers between spouses are exempt, transfers to persons other than spouses usually subject the donor to penalties that result in periods of ineligibility for Medicaid.» Read More
In our office, we think a lot about solo seniors – older adults who live alone and have no immediate family. Right now we are working on an unfortunate case where multiple bad actors took advantage of a vulnerable woman, taking hundreds of thousands of dollars.» Read More
Last week I saw a new client who was seeking to be appointed as administrator of her friend’s estate, motivated by the fact that her friend had no family. She had died unexpectedly and my client had called the police after trying repeatedly to reach her friend.» Read More
Cryptocurrency executive Gerald Cotten died recently at the age of 30. His death provides a sad lesson about the importance of thoughtful estate planning. Although Cotten apparently executed a Will shortly before his death, he did not share his digital wallet password. » Read More
Want to receive these blogs in an email? Subscribe here: