THE NURSING HOME

THE NURSING HOME

The bill from the nursing home is enormous. In Maryland it averages about $8,000 per month, or about $100,000 per year.

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FUNDING LONG-TERM CARE

FUNDING LONG-TERM CARE

By Tim Barkley. June 2014. Long-term care. Nursing homes. Adult daycare. Resented symbols of helplessness foisted on a generation of Americans who all their lives have prided themselves on self-sufficiency and independence. No one wants to think of herself helpless and dependent, for an indeterminate time powerless and vulnerable in the hands of others. Sometimes family can rally ‘round and care for the frail elder parent, but even then a...

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TANSTAFFL

TANSTAFFL

By Tim Barkley. April 2014. Susan sat across from the table and leafed through a manila file folder. “What do you need to know?” “Well, to figure out whether and when Mom might qualify for Medicaid,” replied the lawyer, “we need to know what she owns and what it’s worth. “There are two basic categories of assets: Exempt and Countable.” He stood up, went to the whiteboard in the corner, and wrote the titles boldly, underlining each....

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FREE RIDE

FREE RIDE

By Tim Barkley. March 2014. Susan caught the lawyer by his elbow in the restaurant. “I thought that was you. Can I ask you a question?” “Sure,” he replied, “what’s on your mind?” “I was talking to a friend who told me that we should put Mom’s houses and money in a trust so that a nursing home won’t take everything.” “Here’s the scoop,” the lawyer told her....

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END-OF-YEAR PLANNING 2012

END-OF-YEAR PLANNING 2012

By Tim Barkley. December 2012. With each new year comes a new opportunity to consider your estate plan and make sure it is up-to-date – or to make one if you don’t have on already! Because we are time-bound mortals, the change of seasons reminds us of changes in our lives and of their fragility. Have you ever drafted documents at all? If not, you should know that the State’s choices on your behalf are not usually the best ones for you or your...

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