While I practice in the area of probate and estate planning, I do NOT consider myself as a Medicare or Medicaid specialist. I do advise and counsel clients as to how to prepare for some government benefits which basically involves spend down and asset liquidation five years prior to nursing home but who knows when that will be??? Essentially when you get old you dont want to own assets which bill collectors or nursing homes or hospitals can obtain a lien against, so if you want your kids to have things its best to consult an Elder Law specialist and NOT the day before the nursing home stay!!! IE give things to them before you get too old or too sick, subject to tax consequences coupled with the advantages or disadvantages of government benefits.
Long term care insurance can be good for some clients also.
The thing is EVERY PERSONS ESTATE PLAN IS DIFFERENT. I have done many many small estate plans AND NO TWO ARE ALIKE. It depends on the facts and the wants and needs and assets of the clients. There IS NO ONE SIZE FITS ALL PLAN.
It appears the 82 year old is bankrupt and doesn"t own assets which anyone can attach (can still get a lien) and she may well qualify for government benefits (cant say not having all the facts) but someone needs to get the ball rolling
CONSULT AN ELDER LAW ATTORNEY and whatever you do DO NOT rely on advice from lay persons or even attorneys on a tractor forum. Elder law and Medicare and Medicaid are very specialized and what worked for some Billy Bob on here may be the exact opposite of whats best for the lady in question
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Seeing an Old Friend - by Joe Evans. Dad had a concrete contracting business starting in 1960. One of his first pieces of equipment was a Ferguson TO-35 with a Davis loader. Dad replaced the TO-35 with a MF 202 Workbull, essentially an industrialized Ferguson 35 I am told. Dad bought the 202 new in 1962, and I recall quite clearly going to the dealer with him to sign for it.
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
