Ask The Pros

Justin, I’m helping my dad file for Medicaid to help with his nursing home.  He has a life insurance policy meant to cover his funeral.  …

Justin, My mom isn’t far from needing to move to an assisted living facility or a nursing home.  We’ve been told she needs a Miller …

Justin, My dad is in the hospital and not doing well.  We’ve been advised that we should make sure he has his affairs in order. …

Justin, My mother has been in a nursing home for the past three months.  When she first went in, we had high hopes that she’d …

Justin, when you designate that an annuity or an IRA is to pay at death to a specific person rather than to a trust, is …

Justin, My husband is currently in rehab. When that’s over, we’re almost sure he won’t be able to come home – long-term care in a …

Justin, while visiting my parents for the holidays, I realized they have aged a lot over the past year.  I’m concerned about how they are …

Justin, My mother will be moving into a nursing home next week. She owns a house and a car, and she has about $25,000 in the bank. The people I’ve talked to say she just needs to spend her money down to $2,000, then she can go on Medicaid. Is that right?

Justin, My mother recently set up a trust, and she asked me to look over everything to see if I had any questions. Everything looks right to me—she even retitled her home and brokerage account into the name of the trust. She didn’t change her checking and savings accounts, but she said she planned to add me to those. Do you have any other suggestions?

Justin, My current wife and I are both in our second marriages. Each of us brought several children into this marriage. She has been pressuring me to schedule an appointment with an attorney because she read an article that scared her. She thinks that in a situation like ours, the children of one spouse could be completely left out of our estate depending on the order of death. Do we really have anything to worry about?