Best Estate Planning Attorneys in Waldorf, MD

The administration of an estate can be very complex and detail oriented. An attorney can help throughout the entire probate process and address any specific questions and concerns. When a decedent dies without a will in place, the estate will need to be settled in accordance with the intestacy rules set out by state law. With the proper guidance from an experienced probate attorney, any complex issues can be handled with ease.

Medical eligibility for long-term care is determined on a case-by-case basis. An applicant must qualify medically and financially. To be eligible medically, the applicant must meet certain non-financial eligibility criteria. They will also be assessed by the nursing home facility or social services office. To be financially eligible, the applicant must meet the eligibility rules regarding income and resources. Income is considered funds that are received by the applicant monthly such as Social Security payments. Resources are considered anything owned by the applicant such as real property, bank accounts, and life insurance.

The answer is yes, but only if handled in the proper way. If your assets are given away at the wrong time or amount, then you could receive a penalty.

Not necessarily. Assets owned by a living trust are still vulnerable to nursing homes costs and are counted when determining financial eligibility. The look back period is five years from the date of the application. If the assets were titled into the trust period to the look back period they are protected. However, other types of trusts may be used to protect assets.