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Janna Dutton & Associates, P.C.
Attorneys at Law
One North LaSalle Street
Suite 1700
Chicago, IL 60602
312-899-0950
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This
Month's Articles:
· Private Medicare
Plans Accused of Using Shady Marketing Tactics
· Consider Putting
Gifts to Grandchildren in a Trust
· Book Review: Alive
and Kicking: Legal Advice for Boomers
· Receiving an
Inheritance While on Medicaid
· GAO Study Finds
Transfers by Elderly Are Infrequent and Small
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Private Medicare Plans Accused of Using Shady
Marketing Tactics
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Insurance
companies have been using improper tactics to sign up seniors for private
Medicare plans, according to government officials and advocacy groups.
The tactics include going door-to-door, forging signatures, and giving
false information.
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more...
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Consider Putting Gifts to Grandchildren in a Trust
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Gifting
assets to your grandchildren isn't just a nice thing to do; it can reduce
the size of your estate and the tax that will be due upon your death.
Grandparents can give their grandchildren up to $12,000 a year (in 2007)
without having to report the gifts, and putting the money into a trust
has some major advantages.
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more...
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Book Review: Alive and Kicking: Legal Advice for
Boomers
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 Two
elder law attorneys have written a lively and entertaining book full of
advice to baby boomers on how to put their own affairs in order as well
as help their parents as they age.
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more...
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Receiving an Inheritance While on Medicaid
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For
most people, receiving an inheritance is something good, but for a
nursing home resident on Medicaid, an inheritance may not be such welcome
news. Medicaid has strict income and resource limits, so an inheritance
can make a Medicaid recipient ineligible for Medicaid. Careful planning
is necessary to make sure the inheritance doesn't have a negative impact.
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more...
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GAO Study Finds Transfers by Elderly Are Infrequent
and Small
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A new
Government Accountability Office (GAO) study concludes that few of the
elderly are transferring assets in order to become financially eligible
for Medicaid coverage of long-term care, and that of the transfers that
are made, the amounts are modest.
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more...
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