The Problem With Life Estate Deeds

Many individuals use life estate deeds in an effort to avoid probate and eliminate the need to hire an attorney to prepare a last will and testament, or a trust.  Unfortunately, when someone uses a life estate deed, they lose control over the distribution of their property when things turn […]


How to Protect Inherited IRAs After the Clark v. Rameker Decision 1

A couple of weeks ago, we talked about the landmark, unanimous 9-0 decision handed down on June 12, 2014, in which the United States Supreme Court held that inherited IRAs are not “retirement funds” within the meaning of federal bankruptcy law. This means they are therefore available to satisfy creditors’ claims.  […]


Medicaid Study Released by GAO: Methods Used to Reduce Assets to Qualify for Medicaid

On Monday of this week, the U.S. Government Accountability Office released its report “Financial Characteristics of Approved Applicants and Methods Used to Reduce Assets to Qualify for Medicaid.”  This report was requested by several members of Congress, including:  Sen. Tom Coburn (R-OK) and Richard Burr (R-NC) and Reps. Darrell Issa […]


New Yorker Magazine Cartoonist Likes Elder Law Attorneys

The popular New Yorker cartoonist Roz Chast has created a graphic memoir of coping with her parents’ final years, titled Can’t We Talk About Something More Pleasant? The book has received widespread attention and critical praise. At one point in the book Chast, an only child, takes her parents to see an elder law […]


Asset Protection Scams – Beware and Be Smart

I have reprinted the following column by Jay Adkisson, the asset protection columnist for Forbes.com.  He is one of the top asset protection commentators in the country and knows the asset protection business as well as anyone.  If you need asset protection, or want asset protection, by all means talk […]


Elderly Couple Awarded $1.2 Million + Attorneys’ Fees

A financial arbitration panel has ordered  a subsidiary of John Hancock Financial Network to pay nearly $1.6 million to an elderly California couple and the estate of their now-deceased mother.  The sum includes a $454,000 award for attorneys’ fees under California’s elder abuse statutes.  Florida has a similar financial abuse […]


Do It Yourself Internet Will Turns Out To Be Very Expensive! 2

ElderlawAnswers.com provides us with information that the Florida Supreme Court rules that money acquired by a woman after executing a form will she obtained from the Internet should be distributed according to the laws of intestacy because the Internet will did not have a residuary clause.  One justice calls the […]