If a child lives in their parent’s house, and provides a certain level of care for the parent, for at least two years, the parent can give the house to the child without creating a period of Medicaid ineligibility.
In Oregon no one can force any other person or entity to accept a power of attorney.
In many cases, banks refuse to accept a power of attorney.
People are often anxious to avoid estate taxes when they pass on.
Federal estate taxes are no longer a problem for most people, since there is no federal estate tax unless the estate is over $11.2 million dollars.
Long term care insurance can increase the amount of assets you can keep when you qualify for Medicaid.
Long term care insurance can also increase the amount you can protect from estate recovery after you die, if you have been on Medicaid.
Some people mistakenly believe that once a Power of Attorney has been signed, the person who signed the Power of Attorney is protected against undue influence.
This is, quite simply, wrong.
What should one do if a Power of Attorney is rejected?
What CAN one do if a Power of Attorney is rejected?
It is not uncommon for a Power of Attorney to be presented to an entity, and to have that entity reject the power of attorney.
Sometimes even entities that should know better, such as health insurance companies, are confused by Powers of Attorney and Advance Directives for Health Care.
No document constructed by humans can perfectly resolve all future conflicts.
However, if you are living together, but are not married, a formal Domestic Partnership Agreement can give a great deal of predictability to the eventual dissolution of the relationship.
In Oregon there are potentially six kinds of protective proceedings.
This article will outline the three kinds of conservatorships that are available. An earlier article addressed the three kinds of conservatorships that are available.
When a person is meeting with a lawyer to discuss a Will or a Trust, or other estate planning documents, it is very important that the person be alone with the lawyer.