Tag Archives: fact

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

Eating More Seafood Could Protect Your Brain Against Alzheimer’s

Omega-3 fatty acids are essential for humans. Consuming the proper amounts of omega-3s helps to lower your risk of coronary heart disease and improves your cholesterol. Some studies are even looking at omega-3s as possible treatments for cancer, depression, and attention-deficit hyperactivity disorder (ADHD). Now, a new study has found two more reasons why you should add more seafood to your diet: diets rich in fish might help prevent Alzheimer’s disease, and the mercury that is found in fish does not lead to cognitive decline. Continue reading

Do You Have a Difficult Family?

A businessman with a $2.5 billion estate passed away in 1976. He was single and many individuals, mostly unrelated to him, filed more than 40 wills with the probate court. Twenty-two cousins fought with all of the other individuals claiming a share of the estate. In the end, the wills were all ruled invalid and the 22 cousins plus the federal government divided up the estate.. This may occur because one of your family members or potential heirs might believe that he or she can receive a larger portion of the estate. Continue reading