Archive for the Asset Protection Category

Annuity Purchased Post-Initial Eligibility Determination Is Not Available Resource

Annuity Purchased Post-Initial Eligibility Determination Is Not Available Resource Many elder law clients use annuities as a means to protect assets for a community based spouse when his or her is receiving long term care. An important decision was reached that may benefit planners and their elder […]

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Son In PA Liable To Pay Mother’s Nursing Home Fees

Son Liable for Mom’s $93,000 Nursing Home Bill Under ‘Filial Responsibility’ Law There are 29 states that currently have laws making adult children responsible for their parents’ care costs if their parents are unable to pay for their own care. These “filial responsibility” laws have rarely been […]

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Average Age Of Reverse Mortgage Borrowers Decreasing

The Average Age Of Reverse Mortgage Borrowers is Decreasing. The average age of reverse mortgage borrowers is dropping, according to a recent report issued by MetLife. As many are aware, reverse mortgages come with risks, and likely more so for younger borrowers. Reverse mortgages allow homeowners who […]

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