A U.S. court of appeal has struck down a Department of Labor (DOL) rule that was intended to prevent financial advisers from steering their clients to bad retirement investments, but the Securities and Exchange Commission (SEC) has proposed new regulations… Read more
Iowa Code Section 633.356 allowing distribution of a decedent’s property by affidavit in lieu of formal probate proceeding has recently been amended and will become effective July 1, 2018. Under the previous law, if a decedent’s gross estate value was … Read more
Arizona and Florida are the latest states to request a waiver from the requirement that states provide three months of retroactive Medicaid coverage to eligible Medicaid recipients.
Medicaid law allows a Medicaid applicant to be eligible for benefits for up… Read more
New rules have been put in place to protect seniors with brokerage accounts from financial scams that could drain the accounts before anyone notices.
As the population ages, elder financial abuse is a mounting problem. Vulnerable seniors can become victims… Read more
Is the community spouse’s 401(k) considered an asset when the state determines an applicant’s eligibility for Medicaid?
That depends on the state. For example, in Massachusetts the answer is “yes” — 401(k)s and IRAs are counted like any
If your Medicare drug plan denies coverage for a drug you need, you don’t have to simply accept it. There are several steps you can take to fight the decision.
The insurers offering Medicare drug plans choose the medicines — … Read more
While the execution of wills requires formalities like witnesses and a notary, the reality is that most property passes to heirs through other, less formal means.
Many bank and investments accounts, as well as real estate, have joint owners who… Read more
My wife and I drafted our wills with an attorney when our two children were young. We would now like to make some minor tweaks to the will. The attorney who drafted it kept a copy, and we have… Read more
Thank you to our guest blogger Thomas Krause, of Krause Financial Services, for leading this conversation on dealing with retirement accounts in crisis planning.
When dealing with crisis planning for Medicaid or VA, one of the trickiest assets to handle… Read more