Tag Archives: attorney

Things to Consider Before Signing a Contract for Assisted Living

When someone gets ready to move into an assisted living facility there will inevitably be a lot of paperwork involved.  Much of that paperwork is fairly straightforward and need not be a cause for concern.  However, amid the big stack of needed signatures, there is one document you must review carefully before signing.  That document is the admissions agreement.  An assisted living admissions agreement is really a contract.  And like all contracts, there are important provisions you need to understand fully.  In the October 2017 edition of Consumer Reports, Penelope Wang does an excellent job of listing the key provisions you need to understand when reviewing an admissions agreement.  See “Putting the Assisted Living Facility Contract Under a Microscope,” Penelope Wang, Consumer Reports, October 2017. Continue reading

Role Reversal: Discussing Estate Planning with Aging Parents

The parent-child relationship is pretty well defined. Children generally don’t advise their parents. It’s the other way around. However, this dynamic can shift as parents get older and children become adults. This becomes especially prevalent when considering estate planning and elder law issues. Continue reading

Transferring Assets and the Five Year Look-back

When an individual applies for Medicaid assistance in a nursing home, one of the first questions that is asked of them has to do with whether a transfer has been made of any asset for less than fair market values within five years (60 months) of the date of the application.  If such a transfer has been made, a “penalty period” will result depending on the value of the gift.  The larger the gift, the longer the penalty period.  Continue reading