Why Can't We Talk to Your Kids?
1:04
Special Needs Planning
1:46
Жыл бұрын
What to Do if a Parent Dies
1:43
Жыл бұрын
Death and Taxes in Pennsylvania
1:17
2022 Elder Law Update
50:36
2 жыл бұрын
PA Filial Support Laws
1:32
2 жыл бұрын
Do I need a Power of Attorney?
2:00
2 жыл бұрын
Пікірлер
@rochellecorlett8263
@rochellecorlett8263 14 күн бұрын
What’s fair is fair. Give freebees to illegals, then you do what you have to do. Government can stick it where the sun don’t shine.
@Bj45380
@Bj45380 19 күн бұрын
If the person in need only recieve SSI/SSD can they go after the children’s assets to pay for the parent in need?
@Glindagood04
@Glindagood04 Ай бұрын
Don’t like this guy at all. Evil.
@ronald6138
@ronald6138 2 ай бұрын
this video does not answer any write in question going back 3 yrs
@JJNow-gg9so
@JJNow-gg9so 2 ай бұрын
Your opinion is needed. Alone no dependents no one to help me registered nurse who has worked in enough of these facilities that I don't want to be in one. Please give me advice...👵
@grandmajane2593
@grandmajane2593 3 ай бұрын
Oh I'm disappointed, we like to see you when you are talking. Did you have a bad hair day! l o l (Good information, thank you)
@PeterHernandez-lg2eh
@PeterHernandez-lg2eh 6 ай бұрын
Nursing home care in Colombia or Mexico
@SuperFunJess
@SuperFunJess 6 ай бұрын
Dont a lot ot rich people open a trust fund and put theirself as the beneficiary, then open a family trust fund within that trust fund where they and their family are the beneficiaries, placing everything in their families names at least 6 years before they need to go into a nursing home
@reginaldlee3993
@reginaldlee3993 6 ай бұрын
Great info!
@kennetzel6101
@kennetzel6101 6 ай бұрын
People who need nursing home care should not be "protecting their assets". They should be paying for the care that they need or not pursuing the care in the first place. You can't have it both ways. There is no requirement for anyone to leave something behind for children to inherit.
@jeanninegodwin2285
@jeanninegodwin2285 3 ай бұрын
The expense is outrageous! Stop defending robbery!
@SandfordSmythe
@SandfordSmythe 2 ай бұрын
​@jeanninegodwin2285 No excuse
@MrSluggo47
@MrSluggo47 6 ай бұрын
If Mom or Dad has the resources to pay for their own care, why are you encouraging your audience to try shifting the cost onto everyone else?
@SandfordSmythe
@SandfordSmythe 4 ай бұрын
​@Jen-ur4ut Sometimes paying a few years privately in good nursing home, will get them to keep you on Medicaid afterwards.
@fordgt8847
@fordgt8847 6 ай бұрын
My parents setup a revokable trust, dad passed in 2020 and mom is 90 (in very good health) and in assisted living memory care. They had 2 properties, one in NJ which we sold after dad passed. That money has been paying for her care but were almost out of cash. The other is a summer home in NH valued at over 1 million and has been in the family for over 50 years and now were afraid we may have to sell it all to continue moms care. My dad would be out of his mind if he knew this was going to happen. Any advise to avoid this major loss?
@fabianmckenna8197
@fabianmckenna8197 3 ай бұрын
That's life........ Either you want your mum to be well looked after or you bring her home and look after her yourselves! My mother-in-law looked after her father for thirty two years as he didn't want the family home sold to pay for his care. She then inherited the house and lost it when she suffered from dementia and had to sell it to cover her own care home costs. When the money finally ran out, the council came after her family to pay for her care which just wasn't feasible at over £1,100 a week. Transferred into a basic council run care home although by this time, she new nothing about anything and had totally forgotten her own family. Quite a sad ending but one that happens every month with government cleaning out savings, property, shares etc until there's nothing left. The alternative is to hide the cash and property away in trusts which will of course stop it being used to provide a nice care home for your parents who worked hard to accumulate it all. Who cares what happens to them just so long as the kids get their hands on "their inheritance "?
@doreeneclose6295
@doreeneclose6295 7 ай бұрын
If the home is the only asset and the children are on the note of the home too, with a reality trust having the children as beneficiaries, will Medicare make them pay back nursing care on sale of home? The trust was set up 20 years ago.
@briandarr8149
@briandarr8149 7 ай бұрын
What about personal responsibility and accountability? Should we pay our way or manipulate the system to hide our assets and use tax payers money? Every person not planning for THEIR old age care appear to to be as bad as those who do not plan for the day they cannot or do not want to continue working because of aging. Sign of the times I guess!
@Mlspky
@Mlspky 8 ай бұрын
The “look back period” differs from state to state. The time is 6 years now not 5 years. You can’t give your money to your children or anyone else within this time frame to reduce your income and resources to make your self eligible. Start looking into the current rules and regulations now. I worked for State Government for 26 years in the Medicaid section so I know something about these rules.
@Jennifr1966
@Jennifr1966 5 ай бұрын
​@Jen-ur4ut dang I wish I could afford to live in California! Sounds awesome! Do they have a very good home hospice care? Problem here is we only make $2500 per month together but received $100k. Don't know what to do with it. We currently rent and have OLD cars!
@monarene44
@monarene44 3 ай бұрын
@@Jennifr1966. What do you mean you don’t know what to do with $100k? Drawing down on it only supplements your income by $4-5k a year. Spend it.
@jacqueslemieux1802
@jacqueslemieux1802 10 күн бұрын
ID is also 5 years and the states around us also. With your work history, you should be aware of differences between states.
@philnewton2011
@philnewton2011 10 ай бұрын
In most states Medicaid will pay for less-than-skilled level of care, including in-home care, under a Medicaid waiver. The financial criteria, especially related to income, can be different than the requirements for skilled and intermediate nursing home care. There is also an asset floor for a married couple dividing assets. The "well spouse" can keep all the couple's liquid assets, if they are low enough. A home is exempt for the well spouse, as long as it's needed. If it is not needed, or the well spouse dies, that asset must be made liquid and used for the surviving spouse's care. In any case, there is a claim against that asset--and any others--after the Medicaid recipient and the well spouse die. A simple granting of life estate, if done before the 5 year look-back, will shelter a primary residence. Most state Medicaid programs will do a resource assessment for couples when one spouse needs Medicaid. It's important to do it as soon as you believe one of the partners needs care. It's free, and designed to preserve as much of the couple's assets as possible. In many cases, all of the liquid assets can be preserved. The income of the well spouse will determine what, if any, of the Medicaid recipient spouse's income will be applied to meet his or her care needs. If the well spouse's income is low enough, all or part of the Medicaid recipient's income can be deemed to the well spouse.
@SkyCharter
@SkyCharter 10 ай бұрын
There needs to be some discussion about what happens to the health care facility bill footed by the state being attached to the estate of the deceased receiver of the care.
@Cathy-xi8cb
@Cathy-xi8cb 10 ай бұрын
REMEMBER FOLKS, you get what you pay for. Enter a medicaid-mostly/only nursing home, and your care will be poor. Short staffed and limited quality care is what you'll get. Your money might be saved for your loved ones, but you will sit in your urine. Think twice.
@davidparker7156
@davidparker7156 10 ай бұрын
cant you just do spousal right of refusal?
@carlthornton3076
@carlthornton3076 10 ай бұрын
Very Good!... #36 ✝ {10-9-2023}
@Bandaid17
@Bandaid17 11 ай бұрын
What is your opinion of short term insurance. My husband and I did not qualify for long term insurance We are 71 and 70 even though we could afford the premiums and do not have any big medical issues.
@kam7056
@kam7056 11 ай бұрын
@monikaw1369
@monikaw1369 11 ай бұрын
The government is paying illegals to house, feed, and provide health care, but would not do it for their citizens. Incredible!
@timdefrank3641
@timdefrank3641 Жыл бұрын
Lousy law, kids do nothing to deserve such a burden of an absurd cost. Isn’t that law based off of a concept from like 1601.
@Scorched
@Scorched 11 ай бұрын
The way she explained it, its only if the parent gave them something large in the past 5 years. Like a house or large sum of money. Or the child bought something from their parent below fair market value. Half priced car, house, etc.
@timdefrank3641
@timdefrank3641 11 ай бұрын
@@Scorched well that’s good cause I mean families can be broken over this kind of thing. And all cause someone who lived their life and contributed towards society got old and now needs the help of society essentially. Children weren’t born to be responsible for parents bills
@leonaschulman7568
@leonaschulman7568 Жыл бұрын
My mother had a home health aide. There is no look back
@philnewton2011
@philnewton2011 10 ай бұрын
Home health is a Medicare program, as is hospice, although Medicaid will also pay for this. If the home health is provided under Medicare, there is no look-back. There isn't any look-back for any Medicare-provided service.
@gottaprepordie
@gottaprepordie 7 ай бұрын
​@@philnewton2011well I hope you're right, but everyone including medicaid requires says that there is look back. 🤔
@philnewton2011
@philnewton2011 7 ай бұрын
There is a 6 year lookback for Medicaid programs. There is no lookback period for Medicare. Medicaid is public assistance. Medicare is not, and therefore there is no lookback feature. @@gottaprepordie
@monarene44
@monarene44 3 ай бұрын
@@gottaprepordie. No look back for Medicare. You have to actually apply for Medicaid and then they look back at 5 years of your bank or investment account statements.
@alexanderreed5196
@alexanderreed5196 Жыл бұрын
So important!
@MarshallParkerLaw
@MarshallParkerLaw Жыл бұрын
Couldn’t agree more! Even if you’re young, it is worth considering because accidents happen every day. It’s better to be prepared and have that peace of mind.
@alexanderreed5196
@alexanderreed5196 Жыл бұрын
@@MarshallParkerLaw i didn’t even think of that!
@motowngirl5891
@motowngirl5891 Жыл бұрын
You don’t know when someone will go in a nursing home, you can’t predict that Your statement makes no sense we don’t have a crystal ball
@sojibrajii
@sojibrajii Жыл бұрын
Hello Sir, U need attractive KZbin thumbnail designer?
@videographerhmar2219
@videographerhmar2219 Жыл бұрын
Such an intersting
@sandramiller7972
@sandramiller7972 Жыл бұрын
Do not do business with Nursing Homes that overcharge. Pay a relative. F. Miller
@rainmon
@rainmon 2 жыл бұрын
Americans should be ashamed of thier country and the politicians responsible who have allowed this abomination of the elder care system that robs our parents and their heirs of the family savings/wealth. We are supposed to be one of the most civilized and progressive countries in the world and we have to go through all these legal hurdles and pay outrageous expensive fees to lawyers so we can 'game' the system and our families and the elderly don't go bankrupt, what kind of sick culture would allow the proliferation of this atrocity.
@SandfordSmythe
@SandfordSmythe Жыл бұрын
How and who pays for this care?
@flowersmakemehappy834
@flowersmakemehappy834 2 жыл бұрын
It's slavery that's still legal somehow
@jimmsumm
@jimmsumm 2 жыл бұрын
is there any way a person can protect their life savings to give to their children if they have to go into a nursing home.
@motowngirl5891
@motowngirl5891 Жыл бұрын
@@commonsense3055 you never know when someone will go in a nursing home You can’t predict
@KCFlyer2
@KCFlyer2 9 ай бұрын
yes...give the money away to your kids at least 6 years before you need it and then you can take advantage of a government program that most people doing this will vote against.
@poetmaggie1
@poetmaggie1 2 жыл бұрын
I think it isn’t so much the nursing Home care is high, it is how it impoverishes Survivors of nursing homes.
@EmeraldJade66
@EmeraldJade66 Жыл бұрын
poetmaggie1 ... I totally agree! It's just all about money nothing more or less just the money! One word: GREED! How many average hardworking people have nursing home care funds to put aside through out their lives along with daily living including mortgage/rent? I rest my case! It's just all about taking everyone's lifelong hard earned money and the family member who cared for them well just throw them in the streets to become homeless! No one cares about you as a human. It's all about the money ... that's the main concern. Sorry but no Nursing Home is worth $5,000 or more per month for the services they DO NOT render to the poor patients then to have the audacity to turn to the person who was that patients loved one and who cared for them to be thrown out in the streets because they need the house too in the end!!!! I know all of this because I'm going through it now and it's literally eating me alive. Just the stress of this and knowing I'll be homeless soon is enough to kill anyone. Let me see now my options suicide or homelessness in -10 degree weather as we're having now? Yes choices, choices and all because of the nasty most incompetent non caring politician who passed such a bill on our nation's citizens. Now don't forget. We the American citizen get treated like subhumans but all of the illegals coming over get free everything from our Government. Right! 😡😕Sad thing is, it's beyond hard and next to impossible to fight Medicaid or the N. Home's especially when you didn't "plan ahead"! Just unreal!!!! Sad very sickening and sad. Someone needs to change this sick "law" with Medicaid and the N. Homes.
@skeezix8156
@skeezix8156 Жыл бұрын
@@EmeraldJade66 while I agree with a lot of what you said, costs are tied to wages and lawsuits. Liabilities are causing these high rates
@thomast3570
@thomast3570 Жыл бұрын
@@EmeraldJade66 If people have money, they should use that before making the taxpayers pick up the bill.
@EmeraldJade66
@EmeraldJade66 Жыл бұрын
@@SandfordSmythe Not where it puts you out in the streets when it's all said and done ... it's called being evil and greedy! I'm in the process of protesting against this shit! Oh well! Someone needs to!
@sarahann530
@sarahann530 9 ай бұрын
​@@EmeraldJade66 Vote for socialism then if you want the taxpayer to pay your way .
@doreenfiallos4717
@doreenfiallos4717 2 жыл бұрын
Where are you located.?
@coastal5228
@coastal5228 2 жыл бұрын
Don't do it.
@MarshallParkerLaw
@MarshallParkerLaw 2 жыл бұрын
We recommend a consultation so that we can fully explore your personal situation and any questions. The gifting rules and regulations change.
@tonyreddy7535
@tonyreddy7535 2 жыл бұрын
What about gifts to Grandchilren under age 21
@vassoccaloviras6630
@vassoccaloviras6630 3 жыл бұрын
What shoud I do to proctec my estate, which is less than $500,000. I am soon going to hit my 85th year. I own my home and the rest is invested in IRA and two TOD accounts
@MarshallParkerLaw
@MarshallParkerLaw 3 жыл бұрын
If you are a Pennsylvania resident, we would be happy to meet with you and develop an individualized plan after we know some more about you, your health, your family situation and other pertinent facts. Contact [email protected] to set up an appointment.
@sandrahoffman1958
@sandrahoffman1958 3 жыл бұрын
If husband enters nursing home and the wife downsizes home purchases a less expensive home or condo what happens to this extra money from the downsizing.
@monarene44
@monarene44 3 жыл бұрын
You have to check with your state's Medicaid agency to find out how much in resources you are allowed to keep if your spouse is in a nursing home.
@roberts1159
@roberts1159 3 жыл бұрын
What’s your opinion of revocable trusts with respect to estate planning ? Advantages and disadvantages?
@janetsavona3542
@janetsavona3542 4 жыл бұрын
The people that are that up there in age their kids are not that young either This shouldn't be a law