Search results for "promissory"
Legal DIY Web Sites Are No Match for a Pro, Consumer Reports Concludes
After road testing three leading Web sites that help you create your own will, power of attorney, and other important legal documents . . . ...
Read more5 Questions to Ask Before Making Gifts for Medicaid or Tax Planning
Many seniors consider transferring assets for estate and long-term care planning purposes, or just to help out children and grandchildren.
Read moreSix Things to Consider Before Making Gifts to Grandchildren
Here are some issues grandparents should consider before making gifts to grandchildren or other family members.
Read moreWill Gifting a House to Repay a Debt Affect Medicaid?
My mother has had financial issues for the past nine years. Over the course of that time, I have: loaned her money (that has yet to be repaid); provided for her room and board for a period of 18 months;...
Read moreHow Do I Ensure My House Goes to My Sister?
I'm 53, disabled, and own a home. My sister, who is my heir, is worried that if I need to go into a nursing home, the state will take the house from her. I still owe her money, which she...
Read moreIs Money Owed on a Loan an Asset for Medicaid Purposes?
Does Medicaid consider a promissory note an asset? For example, if I sell my house and I carry the contract, does the mortgage I hold constitute an asset for Medicaid planning purposes? If so, is the asset value based on...
Read moreCan I Loan My Dad Money to Pay for His Nursing Home?
My dad currently lives in an adult family home. We spent down his retirement and savings to pay for the facility, and then he applied for Medicaid. The State of Washington denied him Medicaid benefits for being over the asset...
Read moreCan We Take Out a Reverse Mortgage to Pay for Care?
My mom is 93 years old and living at home with 24-hour care. We applied for Medicaid and have spent down her funds. We are awaiting financial approval and an opening at the nursing home to place her. Can we...
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