Public Benefits for the Disabled

Two types of monthly income and medical coverage benefits may available to disabled individuals. Entitlement benefits are available to those who have sufficient quarterly credits paid into the Social Security system. Welfare benefits are provided to those disabled individuals...

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Not Wise to Wait and Plan

Over the last month I have consulted with many lovely and inspiring clients age 90 and up. These clients share the common goals of making sure they receive quality care for the remainder of their lives while at the...

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Medicaid Questions and Answers

Is the concept of planning to become eligible for Medicaid Coverage of my Long Term Nursing Home Care Expenses, unethical, illegal, or immoral? Answer:  Only if you view Tax Reduction Planning as unethical, immoral or illegal.  The biggest difference is...

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I Do, But I Don’t

Modifying Estate Plans in the Face of Catastrophic Illness By far, the most popular estate plan that I draft is what I refer to as the “I Love You" plan. Husband executes a will leaving everything to wife. Wife executes...

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What to Expect When Administering an Estate or Trust

The administration of a probate estate or a trust generally takes six months to a year. The fiduciary can expect that time to involve a period of great activity at the beginning, followed by a long period of waiting...

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Medicaid Qualifying Income Trusts

Medicaid Waiver Programs such as PASSPORT and ALF Waiver have income caps. Applicants with countable monthly income in excess of the cap ($2163 in 2014) do not qualify for the programs regardless of their needs. A Qualifying Income Trust...

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Medicaid and the Family Home

Preserving the family home is the biggest concern of Medicaid applicants and their families. In addition to being the largest single asset for most, it holds deep sentimental value and provides shelter and security to close family members. To qualify...

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Life Insurance and the Medicaid Application

To qualify for Medicaid in Ohio, an individual can have only $1,500 or less in “countable” assets. Certain life insurance policies are considered “countable” assets. Others are “exempt” and will not affect the Medicaid application. Understanding the type of...

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How Much Does a Simple Will Cost?

“How much does a simple will cost?” It depends. Some people may write their own, download a form or copy the language from a friend’s will “for free”. The cost of those documents is generally paid years later in...

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Don’t Keep Secrets and Don’t Be Left in the Dark

Do you know where your assets are? Many people don’t. So long as there is regular income and some money in the bank, we do not bother to take a complete inventory very often. There are some people who...

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