In order to be eligible for Medicaid, applicants must have no more than $2,000 (as of 2016) in “countable” assets (the dollar figure may be slightly more, depending on the state). Assets, as distinct from income, for Medicaid purposes are checking and savings accounts, CDs, Stocks, Bonds, personal property, vehicles, real estate, business, etc. Medicaid does exclude…
Hospitals can be dangerous places for the elderly, according to a recent article in Kaiser Health News. Even if they recover from the illness or injury that required them to be admitted, many elderly patients deteriorate mentally and/or physically during their stay. The article states that one-third of patients over 70 and more than half of patients over 85 leave the hospital more…
Satisfaction of being prepared; take control of your future A durable power of attorney is an extremely important estate planning tool, even more important than a will in many cases. This crucial document allows a person you appoint — your “attorney-in-fact” or “agent” — to act in place of you — the “principal” — for…
Did You Know? More than 70% of all Americans die in a hospital or nursing home facility? 65% of all adults over age 65 fall each year. And 65% if those who do fall will fall again within 6 months. Those who fracture a hip due to the fall, 1/4 of those will die as…