by admin | Jan 7, 2007 | Medicaid and Long Term Care
There still are important asset protections for a husband and wife if only one spouse requires long term care. The 2006 legislative changes that I wrote about last year do not have any effect on Medicaid’s spousal asset protection rules. A very important protection...
by admin | Jul 30, 2006 | Estate Planning
The importance of funding a revocable trust (“living trust”). One of the reasons an estate plan includes a revocable trust (sometimes called a living trust) is to bypass the Probate administration process. That is because assets actually in the trust on the date of...
by admin | Jul 22, 2006 | Real Estate Transactions
A “letter of intent” or “memorandum of understanding” can have legal significance. Occasionally, parties to a real estate transaction sign a written document they prepare called a “letter of intent” or “memorandum of understanding”. It often occurs in the early...
by admin | Jul 17, 2006 | Medicaid and Long Term Care
The “look-back” period for gifts has been increased from three years to five years. On February 8, President Bush signed legislation that makes radical changes in the Medicaid eligibility rules. One such change has to do with what is referred to as the “look-back”...
by admin | Jul 13, 2006 | Business Transactions
Arbitration provisions in business agreements can be helpful, but need to be thought through with care. Traditionally, legal disputes between two parties have been resolved by a judge or jury in a court proceeding. Increasingly, however, parties in business...
