By Brittany A. Verga, Esq. The child caregiver exemption is an important exception to the five year lookback rule in Medicaid planning. For many years, it has allowed children to retain the homes of parents for whom they have provided long-term care. However, the ability to qualify for this exemption is being severely limited. The […]
All of us want to make sure we keep important original documents. Problems certainly can arise if one loses bonds, stock certificates or their Will. However, one document which can be lost without any negative repercussion is a Deed. When an individual takes title to a home, his or her deed is recorded in the […]
Pre-nuptial agreements have been around for many years. Historically, they have rightly been viewed as a creation to provide assurance to individuals about to enter marriage that their assets would be protected in a manner they deemed fit in the event of a divorce. To some extent, there has often been attention provided to the […]
Years ago, there were a series of commercials in which ordinary folks would go into operating rooms to perform surgeries, fly helicopters and ride bulls. Of course, they would have no training or qualifications. Yet when asked if they were a doctor or a pilot, etc, they would also respond, “No, but I did spend […]
Any adult should have three core estate planning documents: (a) a will, (b) an advance directive (commonly known as a living will and/or health care power of attorney) and (c) a general durable power of attorney. To the extent, personal and financial factors warrant it, one or more trusts may be advisable. After they are […]
As parents age and become acutely aware of the potential specter of long term care costs, there is a strong desire to preserve the assets which they have accumulated over the years. The most significant of these assets for many of them is the family home. More often than not, many parents believe that the […]
Mike and Carol have three adult daughters – Marcia, Jan and Cindy. Each of them are married and have children as well. When both of them die, Mike and Carol want to treat all three daughters equally. In the event one of their daughters dies before, they want that daughter’s share to pass to that […]
This week’s article is written by associate attorney and contributing author Douglas M. Nelson, Esq. Frequently, disputes arise between the executors and beneficiaries of an estate concerning the disposition of a deceased individual’s home. (The content of this blog applies to administrators of intestate estates and trustees of revocable living trusts as well. However, to […]
In July 2012, Michael G. Fox got married, and looked forward to many happy years with his new wife, Evanisa. Unfortunately, Michael died tragically in a work-related car accident just four months later. Evanisa assumed that she was entitled to the death benefit from his life insurance policy. In attempting to file her claim, Evanisa […]
In the early years of Saturday Night Live, there was a skit called “The Thing That Wouldn’t Leave.” It dealt with John Belushi playing a dinner guest that refused to leave his hosts’ home. A very funny sketch, but one that is often re-enacted without the humor in real life by children who reside with […]
Connect with Capehart Scatchard