How the division of assets is handled, in regards to Medicaid eligibility, is important for many married couples facing one spouse entering a nursing home. This is one instance in which Missouri law and Illinois law is very different and that is the question of how much in assets the community spouse, the one not in […]
Does Gift Tax Affect Me?
One of the cornerstones of asset preservation planning is getting assets out of your name and out of harms way, which often leads to the question, “Will I have to pay gift tax?” This is a valid question. As part of the planning, assets may be moved into a trust, which is a great way […]
What Service Requirement Must Be Met For VA Pension Benefit Eligibility?
One of the most frequent questions that we get regarding VA Aid and Attendance benefits eligibility is: What is the service requirement to qualify? Some people believe that you have to have been career military, or have had at least two years in, engaged in active combat duty or even been in the country where […]
Alzheimer’s and Nursing Home Care: If You’re Single, You’re Ready To Plan
Alzheimer’s and nursing home care seem to inevitably go hand in hand. Whether you are facing this diagnosis for yourself or for a family member, there is some legal planning that needs to be done. And if you are single with Alzheimer’s, the time to plan is now. It’s essential to do the planning early […]
Married Couples and Medicaid: Is Getting A Divorce A Good Idea?
For a married couple facing the possibility of one spouse having to go into a nursing home, the question that may be on their minds is: Should we consider getting a divorce so that we can protect things through the spouse who won’t be going into the nursing home? Not only could getting a divorce […]
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