Question:  My daughter is receiving Social Secrutity Disability Insurance (SSDI) from her dad’s SSDI because she gets more that way than on her own account.  But is there an age at which she will age out of his SSDI benefits and have to apply on her own? Answer:  As long as your daughter meets the SSA’s definition of disability,…

Special Needs Planning

Question:  I have three children and one is an incapacitated adult child. I would like to prepare a will that leaves my house to the three children but puts one-third of the house in a special needs trust to benefit my child with disabilities. Is this even possible? I believe a house (and other assets) can…

Q.  My mother has been receiving Medicaid in a nursing home for four years. Now we want to bring her home (to her daughter’s) for the remainder of her days. What is the disadvantage in doing so? A.  There should not be any disadvantage. Depending on your state, you may or may not be able…

long term care

We’ve all heard the advice “It pays to shop around,” but this has never been more true than with the current market for long-term care insurance. According to the latest industry figures, the spread between the lowest and highest cost for virtually identical coverage was as high as 243 percent.  “This is the largest spread I…

Traditionally, Medicaid has paid for long-term care in a nursing home, but because most individuals would rather be cared for at home and home care is cheaper, all 50 states now have Medicaid programs that offer at least some home care. In some states, even family members can get paid for providing care at home….

social security money

Q.  After my mother has been living in a nursing home for a year, the nursing home just asked me to provide receipts for how I spend my mother’s $60 a month allotment from her Social Security check. They say it has always been a government requirement. I am her guardian and have never heard…

home appraisal

Q. If a property appraisal was never obtained when a parent died (2016), how can we determine the cost basis in order to calculate the capital gains taxes? Four siblings inherited the home and plan to sell it. A. When you sell property that you inherit, you need to determine how much the property was…

The rules differ so much from state to state that it can be difficult to advise you. In general, assuming your parents are 65 or older, if both are seeking Medicaid coverage, they must spend down their savings to $3,000 (this number may be different in some states). If only one is seeking coverage, the other may be able to keep all of the savings.

Having a loved one with dementia can be scary, but if you add in a firearm, it can also get dangerous. To prevent harm to both the individual with dementia and others, it is important to plan ahead for how to deal with any weapons.

We’ve all heard the advice “It pays to shop around,” but this has never been more true than with the current market for long-term care insurance.

© 2015 MATTHEW L. MERCER | Attorney at Law

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