When is Trust Planning Appropriate?

Posted · Add Comment

Clients who are nearing retirement age are bombarded with information about asset protection planning from many sources. Their insurance salesman says one thing. A neighbor warns about the cost of nursing home care and tells a horror story about a family member who lost everything. Friends at the beauty salon share what they’ve done to […]

How to Avoid Medicaid Estate Recovery

Posted · Add Comment

It is an unfortunate reality of aging. If we live long enough most of us will eventually have a chronic condition or illness that limits our ability to do some basic tasks. We may need help with household chores, shopping, money management, medications or transportation. Or we may need assistance with so-called “activities of daily […]

Long-Term Care Costs Threaten Family Farms

Posted · Add Comment

There is a big threat out there to the survival of family farms. No, it’s not taxes. Not anymore. The threat is the potential loss of farms due to uninsured care costs incurred by aging farm owners.  Like many areas of the country, Central and Northeastern Pennsylvania were largely built on the sweat and perseverance […]

Governor to Privatize Pennsylvania Estate Recovery Collections

Posted · Add Comment

The Corbett Administration is moving to privatize the collection of estate recoveries from the estates of older Medical Assistance (Medicaid) recipients. What is Estate Recovery?   Federal law (42 U.S.C.§ 1396p(b)) requires Pennsylvania to seek to be repaid (“recover”) for money spent by the Medicaid program to provide long term care services to persons age […]

Amounts Payable to Surviving Family Members Increased

Posted · Add Comment

Pennsylvania has updated a state law that permits small amounts to be distributed on death by court petition without the formal appointment of a personal representative.  Even more significantly, the new law also raises the limits for direct payment of bank and similar deposit accounts and nursing home patient care accounts to family of a […]