by Allison DePaola | Dec 17, 2014 | Connecticut Estate Planning Attorney Blog, Estate Planning, Medicaid and Long Term Care, Taxes
Many people assume that the annual federal and state gift tax exclusion of $14,000.00 per recipient also applies if you file a Medicaid application. That is not true! Gift tax rules are very different from Medicaid eligibility rules. Gift tax rules: The current annual...
by admin | Sep 19, 2014 | Connecticut Estate Planning Attorney Blog, Estate Planning, Medicaid and Long Term Care
We often are asked, “Should we give our home to the children?” The impetus for the question almost always is a fear that the home will need to be sold to pay for nursing home costs. If that were to happen, what would be left for the children? As with many legal...
by admin | Aug 19, 2014 | Connecticut Estate Planning Attorney Blog, Long Term Care Issues, Medicaid and Long Term Care
If you are applying for Medicaid (Title XIX) there is a lot of information you need to gather to submit your application to the Department of Social Services (“DSS”). Here are some of the common items that are necessary: Personal Identification. A copy of your birth...
by admin | Jul 7, 2014 | Connecticut Estate Planning Attorney Blog, Long Term Care Issues, Medicaid and Long Term Care
The background. This case focused on the question of personal liability of an individual who signed an agreement as a “responsible party” when admitting his mother to a nursing home. Nursing home contracts drafted by the facilities often ask for a...
by admin | Jun 23, 2014 | Connecticut Estate Planning Attorney Blog, Estate Planning, Long Term Care Issues, Medicaid and Long Term Care
Many families face the challenge of providing care to an ill, disabled, or aging family member. Creating a formal Care Contract among family members is a way to compensate a family member who provides care. It also allows the family member in need of care to...
by admin | Apr 16, 2014 | Connecticut Estate Planning Attorney Blog, Estate Planning, Long Term Care Issues, Medicaid and Long Term Care, Wills & Estate Planning
There may come a time when you are unable to make medical decisions for yourself due to injury, illness, or disease. For this reason, we regularly advise our clients about the importance of advance medical care planning, by executing a document called “Health Care...
