Adult Adoption is Some Very Happy Estate Planning
A few months ago I was able to do something a little different for an Elder Law attorney. I got to put through an Adult Adoption of an individual who essentially was a “child” to a couple but was not officially so. Doing this had some very strong upside for the couple’s estate planning in light of...
The Trust Document is Signed — Now what?
The signing of a Trust document is the start of a new process. A Trust isn’t just a “form.” It’s a legal structure with real consequences that has to be handled carefully in order to assure that the trust creator’s purposes can be achieved. If the Trustee uses the Trust’s funds in...
What Does it Mean to Disclaim an inheritance?
A “disclaimer” is a legal document which is signed by somebody before they receive property to which they are entitled from an estate or trust.
There are many situations in which a person is about to inherit money but doesn’t want to receive it for some reason, or wants it to go to somebody else....
Tell your doctor about the help you need at home with your adls
If a child who lives in your home with you is helping you with your ADL’s (functional activities of daily living), it’s probably a good idea to start documenting all of the things they do for you.
Long-range planning for long-term care often includes the potential use of long-term care insurance benefits...
Total dependence not required for a medicaid caregiver child exemption for house transfer
This post is about “Medicaid caregiver child house transfers,” as they are commonly known.
Readers of this blog know that when a person applies for long-term care benefits under the MLTSS Medicaid program, they will generally be denied benefits for a period of time if they transferred (gifted) assets...
24 days a year of therapeutic leave available to nursing home residents on Medicaid
When an individual who lives in a skilled nursing facility (SNF) is approved for Medicaid, a “Medicaid number” is assigned to that individual. This is the number that will be used for billing purposes by the nursing home, the pharmacy, the hospital, and other health care providers. The MLTSS Medicaid program pays for the skilled nursing facility at a specific daily rate as long as...
Elder Care Town Hall – Call with questions Thursday at 7 p.m.
https://nj1015.com/elder-care-town-hall-call-with-questions-thursday-at-7-p-m/
Thursday night, 27 June, we’re taking your questions live on New Jersey 101.5 FM and via Facebook at Facebook.com/NJ1015.
Call 800-283-1015 to talk to us in the New Jersey 101.5 studio.
Lauren S. Marinaro Presents on Variety of Elder Law Topics in 2019
At NJ NAELA’s Unprogram on April 10, 2019 in Morristown, New Jersey, Lauren S. Marinaro presented and facilitated a member discussion group on the Affordable Care Act, Expansion Medicaid eligibility and Medicare. The discussion focused on the eligibility differences between being on Medicaid through the Affordable Care Act (ACA) and being on Aged, Blind, and Disabled Medicaid, as well as how...
Programs to Achieve Self-Support (PASS) Accounts are an Underutilized Tool
Recently I attended a national NAELA seminar where I was re-introduced to the PASS account program. What is a PASS account? This SSA program allows a disabled individual who wants to make a plan to have a new career or job to divert their own existing income and assets from any source to a designated account to pay the expenses of this plan. The expenses can include college tuition,...