It’s Now Harder for Veterans to Qualify for Long-Term Care Benefits
The Department of Veterans Affairs (VA) has finalized new rules that make it more difficult to qualify for long-term care benefits. The rules establish an asset limit, a look-back period, and asset transfer penalties for claimants applying for VA pension benefits that require a showing of financial need.
How to Handle Sibling Disputes Over a Power of Attorney
A power of attorney is one of the most important estate planning documents, but when one sibling is named in a power of attorney, there is the potential for disputes with other siblings. No matter which side you are on, it is important to know your rights and limitations.
It’s Important to Shop Around for Your Medigap Policy
Medigap premiums can vary widely depending on the insurance company, according to a new study, so be sure to shop around before choosing a policy.
The New Tax Law Means It’s Time Review Your Estate Plan
While the new tax law doubles the federal estate tax exemption, meaning the vast majority of estates will not have to pay any federal estate tax, it doesn't mean you should ignore its impact on your estate plan.
How Long Will You Live? Four Life Expectancy Calculators
How much you need for retirement depends a great deal on how long you expect to live. There are now many Web-based calculators that can give you an idea of your life expectancy.
Aretha Franklin’s Lack of a Will Could Cause Huge Problems
According to court documents, legendary singer Aretha Franklin did not have a will when she died, opening up her estate to public scrutiny and potential problems.
Fear of Losing Home to Medicaid Contributed to Elder Abuse Case
A family's fear of losing their home to Medicaid may have contributed to a severe case of elder abuse. If they had consulted with an attorney, they might have figured out a way to get their mother the care she needed and also protect their house.
Don’t Wait Too Long to Purchase Long-Term Care Insurance
The older you get, the harder it is to qualify for long-term care insurance. If you are interested in buying this insurance, it is better to act sooner rather than later.
Promissory Notes and Medicaid
A promissory note is normally given in return for a loan. Classifying transfers as loans rather than gifts can be useful because it sometimes allows parents to “lend” assets to their children and still maintain Medicaid eligibility.
Proposed New Medicare Payment System May Affect Beneficiaries
The Trump administration is proposing a new flat rate reimbursement system for doctors who treat Medicare patients. Some doctors worry that the plan may cause fewer doctors to accept Medicare.
