As of December 1, New Jersey has begun allowing Miller trusts / Qualified Income Trusts (QIT’s) to be used to establish Medicaid eligibility. With a Miller trust, income that would put Medicaid applicants over the long term care income limit (which in 2015 is $2,199) is deposited into a special bank account, where it is […]
Happy Thanksgiving! Thanksgiving and Black Friday mark the unofficial start of the holiday shopping season. But what about shopping for healthcare? Prices for TV’s and computers are clearly marked, but prices for healthcare are completely opaque. It’s very difficult to find out how much you’ll pay for a procedure until you get the bill, and […]
Will you be liable for your parent’s nursing home, assisted living, long term care, or other health care costs? You probably are thinking, “No way!” And that may be true if you work proactively with a good elder law attorney to plan in advance. But if you aren’t careful filial responsibility laws or even ordinary care facility contracts could […]
If you’ve ever been divorced, you may be wondering how to provide for both your new spouse, and your children from a prior marriage. When it comes to estate planning, you’re right to wonder. If your will leaves everything to your new wife or husband, then when you pass away, your spouse could disinherit your […]
A New York appeals court ruled that a mother’s gift to her daughter incurred a Medicaid transfer penalty, even when the daughter used part of the money to pay for her mother’s care. Petitioner Martha Weiss gave $78,237 to her daughter, who used the majority ($41,600) of the money to pay her mother’s care costs […]
