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Serving the legal needs of San Diego's elder and disabled communities
San Diego Elder Law Center E-News
San Diego Elder Law Center, serving the legal needs of San Diego's elder and disabled communities, their families and caregivers
February 2007 - Vol 2, Issue 2
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Thank you for subscribing to our e-newsletter! We hope you find the contents relevant, interesting and informative. Please give us your feedback on these articles, and ideas for future articles that would interest you. You can reach us for comments and other info at www.sandiegoelderlaw.com.
States are becoming more aggressive about collecting reimbursement for Medicaid nursing home care, and families of deceased recipients are often stunned to discover that the state has laid claim to the family home.


 

Under Federal law, no estate recovery can take place until the death of the recipient's spouse, or as long as there is a child of the deceased who is under 21 or who is blind or disabled. Still, states go after assets like the home in a variety of ways, producing confusion, anger, and even lawsuits. And the advance notice given to families that the home could later be seized if they accept Medicaid coverage is sometimes inadequate.


 
Many people periodically update their wills or other estate plans, but don't remember to update who will receive distributions from their retirement plans (such as IRAs and 401(k)s) upon their deaths. Every year you should review your entire estate plan, and the review should include retirement plan "beneficiary designations" to make sure they aren't outdated. We offer some tips and suggestions . . .


 
Reverse mortgages are gaining in popularity, but if you are considering getting one, you might want to wait a little while. Better deals may soon be available as competition between companies entering the market heats up.


 
Many people continue working past age 65. According to the U.S. Census Bureau, in 2002, 18 percent of men and ten percent of women over age 65 were still in the civilian labor force. Often, these jobs provide health coverage. But age 65 also is the age at which most people enroll in Medicare. Should those with insurance through their employment also enroll in Medicare?

This publication is intended for general information purposes only. It is not intended to constitute individual legal advice to any specific client.

 

San Diego Elder Law Center: Our knowledge, your peace of mind . . .

Serving the legal needs of San Diego's elder and disabled communities
Philip P. Lindsley, Certified Elder Law Attorney

San Diego Elder Law Center


 

phone: 619-235-4357


 

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