Entries by Tracy Pulley

VA’s 3 Year Look-back: What’s that about?

The VA has an unfortunate history of erecting barriers in all their claims processes so they can deny claims filed by veterans. The 3 Year Look-back is a new barrier for Pension claims (long term care reimbursement benefits) so that veterans who transfer property in order to satisfy their “asset test” can be denied if […]

Medicaid’s 5 Year Lookback: What’s that about?

When you apply for Medicaid, the caseworker at the Department of Social Services uses the Medicaid Manual to determine your eligibility for the program. The Medicaid Manual is their “Bible.” The North Carolina Medicaid Manual defines the “Lookback Date” as “The earliest date a transfer can occur and be evaluated for a transfer of assets […]

Top 4 Estate Administration Mistakes

Last week we learned the Dos and Don’ts after losing a loved one. This week we’ll explore the Top 4 Estate Administration Mistakes. The first mistake is Going to the Clerk of Court before Seeking Legal Advice. As discussed last week, going to the Clerk of Court first can lead to filing an unnecessary full […]

Dos and Don’ts after a Loved One Passes Away

When a loved one passes away, most of us are not sure what to do next. It’s a highly emotional time and we don’t want to do the incorrect thing. Below are some Dos and Don’ts upon losing a loved one. Do: Take care of the funeral arrangements; see if arrangements have already been made, […]

How to Choose a Trustee for your Trust

As we have discussed previously, having a good trust that has been properly funded can make or break your estate plan. However, a trust is only as good as its Trustee. While not everyone is lucky enough to have a lawyer or a financial planner in the family, there are some qualities that you should […]

What Makes a Good Trust?

As we discussed last week, Revocable Living Trusts can be an important component of an estate plan. They can express your wishes for how to handle your assets both during your lifetime and after you have passed, they can be changed as the circumstances of the Grantor’s life change, and they provide flexibility in inheritance […]

Providing for Pets

Most people consider their pets a part of their family. Pets offer companionship, stress relief, love and affection. In exchange, we take care of their needs: feeding, grooming, providing medical care and medications, etc. Providing care for animals can be expensive; it seems that most veterinarians now provide services more akin to pediatric care. Pet […]

Long Term Care Medicaid Myths

We often see clients in our office who have made poor financial decisions because of inaccurate information. The following debunks some of the biggest myths surrounding Long Term Care Medicaid. One of the biggest myths is that you must be poor to qualify for Medicaid. Most people do not realize that Medicaid consists of several […]

Aging Life Care Professionals

What is an “Aging Life Care Professional”? Aging Life Care Professionals, formerly referred to a Geriatric Care Manager, act as guides and advocates for the aged or disabled. They are well versed in the following areas: Health and Disability, Financial, Housing, Families, Local Resources, Advocacy, Legal, and Crisis Intervention. They can assist adult children as […]