Tag Archives: qualify

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

Do You Need to File a Tax Return in 2015?

What are the IRS income tax filing requirements for retirees this tax season? I didn’t have to file last year, but I picked up a little income from a part-time job in 2014 and I’m wondering whether I need to file this year. Whether or not you are required to file a federal income tax return this year will depend on how much you earned (gross income), the source of that income, your filing status and your age. Your gross income includes all the income you receive that is not exempt from tax, excluding your Social Security benefits, unless you are married and filing separately. Continue reading

Long-Term Care Insurance Now Available Through Harwell & Plant

Paul B. Plant
Harwell & Plant
National Academy of Elder Law Attorneys

When I first started practicing law about 40 years ago, my late father-in-law and senior partner, Judge W. A. “Bud” Harwell offered Mike Bottoms and me a lot of good advice. Possibly the best advice he ever offered to us was that no matter how hard we tried we would be unable to do all things for all people. He did tell us, however, that that if we worked hard and conducted ourselves as the professionals he wanted us to be, we could create a network of relationships that would offer us services and skill sets far beyond what we could acquire on our own.

I am most gratified to say that throughout my career as a practicing attorney, I have done my best to create those relationships. I’ve been blessed with a vast number of friends and colleagues in and around the legal profession on whom I have called any number of times to assist me in meeting the needs of my clients. I am pleased to say I believe I have done that once more.

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