Special needs trusts can be valuable tools to help provide for someone with special needs. One option to fund a special needs trust is to name the trust as the beneficiary of a person’s retirement account. However, there are a number of areas to watch out for that...
As individuals get older, the question of whether or not a person should still be behind the wheel can come up. While there may come a time when a person is unable to drive safely, there are steps people can take to stay on the road for longer. As a person gets older,...
Choosing a nursing home or specialized care facility is an important decision that can significantly affect the quality of life of a potential resident and their family. Medicare has a ratings system that aims to provide the public with information about how to choose...
The elderly are often targets for various forms of financial exploitation. Exploiters often seek out the elderly to victimize because of their increased likelihood of isolation due to physical limitations, death of their spouse, or loss of interpersonal interactions...
When applying for Medicaid nursing home coverage, different states have different rules for how retirement accounts, such as IRAs and 401(k) accounts, are treated. To qualify for Medicaid nursing home coverage, an applicant’s total assets must fit under a fairly...
When applying for Medicaid nursing home coverage, an individual’s total assets have to comply with a very restrictive asset cap before Medicaid pays for nursing home coverage. This asset cap even requires that any gifts or below market transfers made within the...
