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Will the transfer of shares of coop to disabled child be
will the transfer of shares of coop to disabled child be penalized ? state: New york 2 persons own a coop apartment: 1. mother 87: SSI, medicaid, medicare, food stamps 2. son 62: medicaid. food stamps… read more
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A friend was diagnosed with dementia in 2009 at which time
A friend was diagnosed with dementia in 2009 at which time she ran her own business. She closed her business upon the advice of her doctors. Her mother (now deceased) made a will in which she included… read more
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RayAnswers
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I have girl friend in Florida who is disabled and receiving
I have girl friend in Florida who is disabled and receiving ssdi/sdi(?) payments and is on medicaid. She has reached settlement with her divorced spouse who had not paid alimony in many years. She wil… read more
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TRUST INVESTMENT QUESTION My Will leaves $100,000 from my
TRUST INVESTMENT QUESTION My Will leaves $100,000 from my life insurance policy directly to my mentally ill son. Because of his disability , I intend to change this so that this money goes into a bank… read more
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Would it make sense to set up a disability annuity retired
Hello, would it make sense to set up a disability annuity for a retired senior with cancer and other health issues and very few assets who is about to sell her condo and move to assisted living? How d… read more
Christopher B, Esq.
Christopher B, Esq.
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- I called a couple of other elder care attorneys and
For Christopher B - I called a couple of other elder care attorneys and they apparently do provide a list of possible trustees plus explain general tax and estate consequences - but of course we alrea… read more
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Regarding an annuity with 3 children as equal beneficiaries.
Regarding an annuity with 3 children as equal beneficiaries. One is disabled. Can 1/3 of the annuity be put into a Special Needs trust for the disabled child or would it have to be cashed out first an… read more
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RayAnswers
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I am a 64 year old single male. My 94 year old mother recently
I am a 64 year old single male. My 94 year old mother recently entered a nursing home. I have a 52 year old brother who has Down Syndrome. My mother and I are co-guardians for my brother. Since my mot… read more
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RayAnswers
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Are you allowed to transfer an inherited IRA into an
Are you allowed to transfer an inherited IRA into an irrevocable Medicaid Trust? My client recently inherited two IRAs from his late wife that total a little more than $300,000.00 and wants to find a … read more
Attyadvisor
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My mother is now in a nursing home. She receives SS $910 a
My mother is now in a nursing home. She receives SS $910 a month and a small annuity $157 from a prior accident settlement. She is on SS and Medicaid. What money will be available for her now that she… read more
lwpat
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Thank you for your informed response. An attorney my mother
Dear XXXXX: Thank you for your informed response. An attorney my mother and I visited yesterday was reluctant to set up an irrevocable trust because she said that she refuses to put her clients; i.e.,… read more
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can i place an annuity on my mother and have my revocable trust
can i place an annuity on my mother and have my revocable trust the owner with myself and my siblings the beneficiaries?… read more
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Hi- my mother has been in a nursing home with medicaid in NY
Hi- my mother has been in a nursing home with medicaid in NY for the last 3 years. In the next month she will receive a malpractice settlement of about 2 years worth of nursing out of pocket expense. … read more
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my father died before he could change his will. he and my stepmoter
my father died before he could change his will. he and my stepmoter had an irrevokable trust. she is a medicaid recipiant in a nursing home. he did the spend down and now has an annuity that was found… read more
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MY FATHER PASSED AWAY AND MY SISTER IS LIVING IN A GROUP HOME
MY FATHER PASSED AWAY AND MY SISTER IS LIVING IN A GROUP HOME SHE IS ENTITLED TO HIS ANNUITY - HOWEVER, I DO NOT WANT HER TO LOSE HER SSI AND MEDICAID BENEFITS FOR I HAVE NOT FILED FOR HER ANNUITY. TH… read more
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My mother is currently in a nursing home with alzheimers and
My mother is currently in a nursing home with alzheimers and receiving medicaid benefits. Her brother (my uncle) just lost his battle with leukemia. My mother had been listed as the beneficiery of her… read more
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I have a client who brought in his aunt. She is applying for
I have a client who brought in his aunt. She is applying for Medicaid on 11/1 and has an annuity that she purchased in August, 2009 (I do not think he is on the annuity) and wants to put it in a trust… read more
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I need some assitance with a trust and estates question that
I need some assitance with a trust and estates question that concerns Medicaid planning. I have a client that wants to put an annuity in a trust for his aunt (74 yrs old) which will pass through to hi… read more
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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