Facts: Married couple has $300,000 of cash resources including checking, savings …
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12 Exceptions To Long-term Care Medicaid’s Transfer Penalty Rules
Transfers between spouses – when applying for long-term care Medicaid, the assets ……
10 Common Questions On When To Make A Distribution From Your IRA
If you have an IRA, you are required to make a distribution annually once you reach ……
Free Act & Deed – 11 Types of Real Estate Deeds in Texas
General Warranty Deed – Protects the buyer of real estate from all title defects ……
Success Story Of The Month – Overcoming A Defective Or Less Than Powerful Power Of Attorney
What could go wrong when using a general durable power of attorney for an agent ……
Texas Medicaid Agency Again Loses Battle To Count Home As A Resource Without Prior Occupancy
In Texas, a homestead is excluded as a resource (if not in a revocable living trust) ……
The ABCs Of NFTs
Hundreds of millions are now invested (over $1 billion in sales) in the NFT (non-fungible token) ……
Success Story of the Month – “Where’s The Beef When We Saved Their Bacon?”
Who says you can’t save more than the “maximum”? This case illustrates how you can protect more assets than the “maximum” pursuant to long-term care Medicaid rules.
FACTS:
Wife, 70, has dementia and needs long-term care. She has no long-term…
Three Reasons Why Revocable Living Trusts Should Not Be Used For Long-term Care Medicaid
Revocable living trusts are useful in estate planning for many different reasons (avoidance of probate, privacy, quick transition of an on-going business, etc.) but there are only limited situations when they are helpful in planning for long-term care Medicaid which…
Nine Exceptions To Lender Forcing Payment Or Foreclosing On Your Home When You Make A Transfer
Whenever you borrow from a bank or other lender to purchase residential real estate or borrow against the equity, it is typical that there is a “due-on-sale” clause in your deed of trust or mortgage. This gives the lender the…