Ideas for transition plan for orphaned adult children with intellectual disabilities
There was a time when people who had developmental intellectual disabilities such as Down Syndrome rarely lived past their 20’s. With medical progress, many of these individuals will be blessed with a reasonably normal full life span. This presents major challenges for their parents or guardians, for the child could outlive the parent and lose that critical source of familiar lifestyle...
Trust & Transfer Planning for VA Benefits may not be effective for Medicaid Planning
A Medicaid application for nursing home level services is not filed until your countable, available assets are below a specific limit. Transfers (gifts) and Trusts can be used in certain circumstances. When our attorneys are analyzing the laws and developing your asset protection plan, the two major issues in this regard are (1) whether the funds in the Trust continue to be countable assets,...
Thinking of retiring? Review your estate plans
As you begin making your plans for retirement, don’t neglect to prepare or update your estate plan. Your plan may be decades-old, or maybe you never even signed any documents for a plan. It’s a good idea to start thinking about a variety of issues at this time. Here are some of them.
It’s important to sign a Durable Power of Attorney and Health Care proxy to designate the...
More on Medicaid Liens
As explained yesterday, the NJ State Medicaid Program cannot assert a lien against the Medicaid recipient’s property during his lifetime, unless the individual had wrongfully received benefits and the State sued and obtained a judgment. In all other cases, a lien can only be asserted after the death of a Medicaid beneficiary, and certain conditions must apply: the Medicaid recipient had...
Save your child’s medical & special education records
Do you have a son or daughter who is unable to work due to disabilities that began before age 22? Your young adult may have begun receiving SSI & Medicaid benefits when they turned 18. However, when you retire and are eligible to receive Social Security benefits, or if there comes a time that you can no longer work due to your own disabilities and you start receiving Social Security...