In this elder law minute, Wes Coulson discusses joint tenancy and beneficiary designations, and if they are a good way to avoid probate. Transcript: I want to talk today about whether beneficiary designations and joint tenancy can be a good inexpensive way to avoid probate, without having to have a living trust. Let me […]
What Does Medicaid Consider As A Gift?
In this Elder Law Minute, Wes Coulson discusses what Medicaid considers as a gift. Transcript: In another of our videos, we mentioned that Medicaid imposes a, what’s called “transfer penalty,” for somebody who within 5 years before they apply have transferred assets for less than fair market value. When people hear that expression, which […]
What Is A Pour-Over Will?
In this Elder Law Minute, Wes Coulson discusses what a pour-over will is, and if you should have one. Transcript: Perhaps you’ve heard the expression “pour-over will.” If you have, you’re probably (like most people) wondering, what the heck is a pour-over will? It is an expression used for the type of will that […]
Medicaid: Will a Prenuptial Agreement Protect a Spouse’s Assets?
In this Elder Law Minute, Wes Coulson discusses if a prenuptial agreement will protect a spouse’s assets when applying for Medicaid. Transcript: One of the questions that we are getting more frequently is: What happens if we have a married couple and one needs one nursing home care, and that couple has a prenuptial […]
Will Medicare Pay For A Nursing Home Stay?
In this Elder Law Minute, Wes Coulson discusses if Medicare will pay for someone’s nursing home stay. Transcript: I want to talk today about whether Medicare will pay for someone’s nursing home stay. Quick answer: Only for a little while, if certain conditions are met. What are the conditions? First of all, you still […]
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