FAMILY FINANCE: Rules on renunciation and Medicaid
Buy Januvia Without Prescription, May 25, 2008 - Newsday
While my father was in a nursing home receiving Medicaid, his sister died and left him money in her will, and to his children if he died before she did. No prescription Januvia online, I am his only child. My lawyer prepared a renunciation and had my father sign it, buy Januvia online no prescription. Buy Januvia from mexico, The lawyer said this was to facilitate the transfer of funds to me without Medicaid claiming it. My father passed away in 2006, comprar en línea Januvia, comprar Januvia baratos. Medicaid states that renunciation is not allowed by Medicaid patients, and they are going to court to claim the funds that are still in my aunt’s estate, Buy Januvia Without Prescription. Cheap Januvia, After paying the lawyer $3,000, Januvia online cod, Januvia duration, do I have any recourse. I’m 71 and my annual income is about $30, order Januvia no prescription, Januvia from canada, 000.
AL, North Massapequa
If you told the lawyer your goal was to protect this money from Medicaid, Januvia used for, Januvia cost, you should ask him to refund his fee. He knows tax law, Januvia class, Januvia no rx, but he didn’t check the Medicaid rules.
Your father was legally entitled to renounce all or part of his inheritance within nine months of his sister’s death, low dose Januvia. Buy Januvia Without Prescription, The amount he renounced automatically passed to the next heir named in her will - you. Januvia without a prescription, Tax law says when you disclaim an inheritance, it’s as if you never had the money, australia, uk, us, usa. Januvia images, Unfortunately, Medicaid law says your father’s inheritance was a resource available to pay for his care, Januvia from canadian pharmacy, Januvia pictures, says Bernard A. Krooks, Januvia no prescription, Buy Januvia without prescription, a Manhattan elder law attorney. By renouncing it, purchase Januvia online no prescription, Fast shipping Januvia, he transferred his assets to you.
That transfer made him ineligible for Medicaid nursing home benefits during a penalty period that’s determined by dividing the amount he transferred by the average monthly cost of a nursing home, Buy Januvia Without Prescription. “Let’s say he renounced a $100, no prescription Januvia online, Januvia mg, 000 inheritance, for example, buy Januvia online cod. Januvia australia, uk, us, usa, If the average monthly cost of a nursing home on Long Island is $10,000, Januvia price, coupon, Januvia brand name, then for 10 months, he’s ineligible for Medicaid, is Januvia addictive, Buy Januvia from canada, ” Krooks says.
Medicaid is entitled by law to recover benefits paid during that penalty period from the inheritance your father renounced, Januvia results. Generic Januvia, It’s a waste of legal fees for you to contest the agency’s claim, Krooks says, Januvia interactions. Buy Januvia Without Prescription, It would have been better to have had your father accept his inheritance, he said. Effects of Januvia, He could then have given half of it to you without endangering his ability to pay for the nursing home. Here’s how:
Dad inherits $100, purchase Januvia, Januvia wiki, 000. He gives $50, Januvia street price, Buy cheap Januvia, 000 to his son. Assuming a $10, doses Januvia work,000 monthly nursing home cost, the gift makes him ineligible for Medicaid for five months. Dad lends the remaining $50,000 to his son in exchange for a promissory note, Buy Januvia Without Prescription. The loan is to be repaid in over five months in $10,000 installments. Dad uses those payments to pay for his nursing home care during the five-month penalty period.
The term of the loan cannot exceed Dad’s life expectancy, and it must carry a fair interest rate. When done correctly, says Krooks, the loan has no impact on Dad’s Medicaid eligibility. Buy Januvia Without Prescription, My stepfather’s will stated that I would get his house, but his sister could live there until her death. I looked up the property records, and the house is in her name. Will my stepfather’s will take precedence. I really do not understand why he would have put the house in her name when he included it in his will.
The deed takes precedence over the will. If your stepfather transferred it to his sister during his lifetime, she gets the house, Buy Januvia Without Prescription.
But the deed may have been transferred by mistake after his death. “I’ve seen that happen,” says Eric Kramer, an estate lawyer at Farrell Fritz in Uniondale. Check the date on which the deed was transferred to the sister. If it’s after your stepfather’s death, you should speak to the attorney handling the estate and have it corrected.
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