My mother in law is in nursing home and we just sold her house and now have over $500K cash. Is there some ;legal; way some of this money can be protected from the nursing home so that her children will have an inheritance.
Asked on 7/22/09, 8:10 pm
1 Answer from Attorneys
Richard Abraham
Abraham & Bauer, LLC
There are potential ways to shelter some of the assets. Many of the federal laws and Maryland regulations have changed in the past few years moving forward to today. (Some changed as recently as a few months ago). Accordingly, there is no easy or simple answer to your question. In order to properly answer it, a detailed questionnaire would need to be completed and the client educated as to options, their pluses and minuses
Answered on 8/01/09, 12:23 pm
Related Questions & Answers
-
Adding names on deed my brother has poa for fathers financial and i have poa for... Asked 5/18/09, 7:29 am in United States Maryland Elder Law
-
Power of attorney does giving a person power of attorney prevent me from selling my... Asked 2/21/09, 11:17 pm in United States Maryland Elder Law
-
Contract construction schedule how long do i have to stay on a jobsite and continue... Asked 2/18/08, 3:24 pm in United States Maryland Elder Law
-
Misrepresentation? I own an assisted living facility. I recently entered into a... Asked 7/24/07, 2:01 pm in United States Maryland Elder Law
-
Wills moved from Ct. into Md. is our will recognized here? Asked 5/02/07, 12:07 pm in United States Maryland Elder Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
