In this Elder Law Minute, Wes Coulson discusses how to leave real estate to family members without using a will or living trust. In Missouri, a beneficiary deed can be used. In Illinois, a Transfer on Death Instrument is used. However, neither one of them can protect your home against a Medicaid lien. Hi, I’m […]
Elder Law Minute – Assesing the Biggest Threat
In this Elder Law Minute, Wes Coulson discusses the biggest threat to your life savings. He talks about the challenges facing older Americans, such as increasing nursing home costs. Hi, I’m Wes Coulson and this is your Elder Law Minute. In our brochure on ‘Protecting Your Life Savings’, which by the way we’ll […]
Answers or Solutions?
Last month when we were visiting a local assisted living facility on National Healthcare Directives Day, I spoke to a resident who identified himself as a war-time veteran. He was reading our brochure on veterans’ pension benefits. I asked him if he had looked into the possibility of his qualifying for those benefits. He said […]
The $20,000 Power of Attorney
Nobody in their right mind would pay $20,000 just to have a power of attorney drawn up, right? After all, it’s “just a form” – you can even find some free ones online, with a little digging. Well, looks can be deceiving. Sometimes, you need to look past what you pay for and focus instead […]
Elder Law Minute – Joint Bank Accounts and Medicaid
In this Elder Law Minute, Wes Coulson discusses the Medicaid rules and how they apply to joint bank accounts. Having your child’s name on your bank account can cause problems when applying for Medicaid. Medicaid considers joint bank accounts to only belong to Medicaid applicant. Even if the adult child withdraws money from the account […]
