New Law Allows Individuals to Create Special Needs TrustsApril 28, 2017Timothy RiceBuried in a new federal law is a tiny change that will now allow individuals…Read More
The life estate: a useful tool in the right circumstancesFebruary 17, 2017Timothy RiceThe term “life estate” often comes up in discussions of estate and Medicaid planning. Life…Read More
How Medicaid’s look-back period worksJuly 29, 2016Timothy RiceMedicaid’s look-back period can be confusing, but it’s important because it can have a very…Read More
New technique to qualify for Medicaid more quicklyMarch 4, 2016Timothy RiceA recent court decision may make it easier for seniors to use short-term, immediate annuities…Read More
Veterans face new limits on long-term care helpFebruary 12, 2016Timothy RiceThe U.S. Department of Veterans Affairs offers a pension benefit to low-income veterans (and their…Read More
If you pay relatives to provide care, you might want to have a contract (part 2)September 10, 2015Timothy RiceIn our first installment, we outlined the benefits of establishing a personal care contract. Nevertheless,…Read More
If you pay relatives to provide care, you might want to have a contract (Part 1)September 3, 2015Timothy RiceA growing number of seniors are providing a salary or other form of reimbursement to…Read More
Families with disabled children get new tax-saving accountsJuly 1, 2015Timothy RiceCongress recently approved a new kind of tax-saving account for the benefit of families with…Read More
New laws may clarify estate planning for online assetsJune 23, 2015Timothy RiceIncluding online assets in estate planning is a new thing, and the legal rules aren’t…Read More
Nursing home residents should prepare financially in case their spouse dies firstJune 2, 2015Timothy RiceSeniors who are relying on Medicaid to help pay for expensive nursing home care need…Read More
New rules for reverse mortgagesMay 27, 2015Timothy RiceThe federal government has tightened the rules for reverse mortgages, making it harder for some…Read More
Legal Issues to Consider When Parents are Living with Their Adult ChildrenApril 14, 2015Timothy RiceDid you know that 17 percent of the U.S. population – that’s more than 50…Read More