Q. My mother needs full-time round-the-clock care, but she wants to remain in her home rather than move to a nursing home. If she meets the financial eligibility requirements, will Medi-Cal pay for her care at home? A. Unfortunately, your mom would most likely need to be in a nursing facility in order to receive… Read More »
Monthly Archives: January 2016
Filial Responsibility: Are Children Responsible for Their Parents’ Care?
Q. My wife and I are concerned that our adult children might be held financially responsible for our care in the event we run out of our own resources. Our children are good kids, but they have their own financial responsibilities, including putting their own kids through college. Can you shed any light on this?… Read More »
Is an Out-Of-State Will Valid in California?
Q. Before relocating to California, my wife and I lived in Ohio where we signed wills. Are they now valid in California? A. If they were properly prepared and signed under the laws of Ohio, the short answer is “yes”. But, it would still be wise to have them reviewed — and perhaps revised —… Read More »
Medi-Cal’s Plan to Ensure the Healthy Spouse Is Not Impoverished: the CSRA
Q. My husband may need to go into a nursing home soon, and I fear that the high cost of nursing care will rapidly deplete our savings. Since we do have some savings, would he be ineligible for Medi-Cal? A. Not necessarily, and this comes as a surprise to most couples. Under a law passed… Read More »
Medi-Cal’s Plan To Ensure the Healthy Spouse Has Enough Income: the MMMNA
Q. My husband may need to go into a nursing home soon and I am looking into a Medi-Cal subsidy to help with the cost. In your recent post you wrote that Medi-Cal permits the well spouse to retain up to $115,920 in savings as a kind of safety net, and even more with planning…. Read More »
Ensuring That Your Loved Ones Receive Your IRA
Q. I have a large Traditional IRA, and I wish to name my wife as primary beneficiary and my children from a previous marriage as backup beneficiaries. Can I lock in this beneficiary designation plan on the IRA Beneficiary Designation Form I sign at the bank? A. Unfortunately, not likely. While it is always a… Read More »