A Will prepares you for a probate, but it doesn't avoid the need to do that probate. In order to transfer title to real property and access many financial accounts, the Will must be probated. In order for a Will to be effective, it must be probated within 4 years from the date of death.
Last week, NAELA, as part of the Consortium for Citizens with Disabilities (CCD), sent a letter of support for H.R. 6698, the Stop Unfair Medicaid Recoveries Act of 2022, introduced by Rep. Schakowsky (D-IL). The legislation would effectively end estate recovery except in instances of improper payments.
One of the most common tools used by attorneys in planning for public benefits is a special needs trust (“SNT”). Governmental benefits are designed to provide basic health care, food and shelter. As such, governmental benefits provide for only a meager existence to recipients.
Una de las herramientas más comunes utilizadas por abogados en la planificación para beneficios públicos es un fideicomiso para necesidades especiales (“FNE”). Los beneficios gubernamentales están diseñados para proveer cuidado de salud básico, alimento y refugio. Como tales, los beneficios gubernamentales solo proveen una pobre existencia para los beneficiarios.
Lea más sobre qué documentos se requieren mientras está incapacitado y/o después de fallecer.
Read more about what documents are required while incapacitated and/or after passing.
My mom refuses Medicaid because she was told the State will take her home away. Is that true?
