Is Changing a Revocable Trust into an Irrevocable Trust Subject to Medicaid’s Five-Year Look-Back?
My mom has a revocable trust that she set up more than 15 years ago. If we change it to an irrevocable [...]
SSA Reopens Its Offices While Making It Easier to Apply for SSI Online
The agency’s 1,200-plus offices are open again, but a new online tool for SSI applications means you can avoid the crowds and long lines.
Can Medicaid Recover Benefits from an IRA After the Recipient Dies?
After a Medicaid recipient dies, can Medicaid recoup benefits from the recipient’s IRA? The IRA was not [...]
The Tax Consequences of Selling a House After the Death of a Spouse
If your spouse dies, you may have to decide whether or when to sell your house. There are some tax considerations that go into that decision.
Why Small Business Owners Need an Estate Plan
Running a small business can keep you busy, but it should not keep you from creating an estate plan. Not having a plan in place can cause problems for your business and your family after you [...]
What Can ABLE Account Money Be Spent On?
The list of things you can spend Achieving a Better Life Experience (ABLE) account funds on is long, and keeps growing. In short, the money can be spent on virtually anything that will help [...]
Claiming Social Security Benefits at Age 70
If you are about to turn 70,and have delayed claiming Social Security retirement benefits up till now, you are joining an elite group, but it’s important to know when and how to claim.
Medicaid’s “Snapshot” Date and Its Crucial Impact on a Couple’s Financial Picture
When a married couple applies for Medicaid, the Medicaid agency must analyze the couple’s income and assets as of a particular date to determine eligibility. This “snapshot” date can have a [...]
Biden Proposes Major Nursing Home Reforms, Most Extensive “In Decades”
The Biden administration has announced far-reaching nursing home reforms. Advocates are calling the proposals, which include the first-ever federal minimum staffing levels, the most [...]
Home Health Aide Costs See the Sharpest Increase in Annual Long-Term Care Survey
Long-term care costs climbed again in 2021, with rates for home health aides and homemakers seeing the sharpest rises, according to Genworth’s annual Cost of Care Survey. The coronavirus [...]
