It’s understandable that some people think that if the assets are under a different name, they are no longer considered yours. While that is true in most cases, Medicaid has slightly different rules.
So don’t put “transfer assets to spouse” on your to-do list just yet. Watch the video below and let Attorney Joan Wilson explain why.
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A Few Simple Steps To Organize Legal Documents Fast It may seem like a drag to get organized sometimes, but if there is one thing you are going to dedicate that time to, let that be your legal documents. These are documents that you rarely need, but cannot risk losing in case of an emergency,…
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Supply of the COVID-19 vaccine in the United States is expected to be pretty limited in the beginning. So The CDC (Center for Disease Control) has provided recommendations to federal, state, and local governments about who should get the vaccination first. CDC’s recommendations are based on the Advisory Committee on Immunization Practices (ACIP), an independent…
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On January 23, 2015, the Department of Veteran Affairs proposed a Veteran’s Benefits Eligibility Rule Change – RIN 2900-AO73, Net Worth, Asset Transfers, and Income Exclusions for Needs-Based Benefits. A rule that would, among other things, impose a 3-year look back for transfers of assets. Including gifts to persons, trusts, and purchases of annuities. The…
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Before buying a home, one of the first things you need to do is to make sure that the seller actually owns it. After all, you can’t sell something that doesn’t belong to you. legally speaking at least. You have to make sure that you are dealing with a clear title. Essentially, a title that’s…
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A power of attorney allows a young adult to appoint someone they trust. To make important financial and legal decisions on their behalf if they become incapacitated or unable to make decisions for themselves. This can be especially important for young adults who are away at college or living independently for the first time. Without…
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What Is Power of Attorney? Power of attorney, or POA, allows a person of your choosing to manage your financial or medical affairs if you are unable to do so. Without a POA in place, If you become incapacitated, the court will have to appoint a guardian or conservator. that course of action takes time…
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Difference Between a Revocable Trust and an Irrevocable Trust There are two types of trusts – As clearly expressed in the title of this article. One is called a Revocable Trust, and the other – is an Irrevocable Trust. So far so good. To easily tell them apart, there is one major difference between the…
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What Are Digital Assets? The definition of a digital asset is “anything that exists in binary data which is self-contained, uniquely identifiable, and has a value or ability to use.” Digital assets include but are not exclusive to digital documents, audible content, and motion picture. As well as other relevant digital data that exist on…
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The last part of the Connecticut Advance Healthcare Directive form includes a section that begins “I hereby make this anatomical gift…” The section includes several boxes to check to make a choice about which organs the person wants to donate and for what reasons…
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