On January 12, the Michigan Supreme Court heard oral arguments on multiple cases relating to the issue of Medicaid estate recovery. The hearing was the culmination of years of litigation in lower courts throughout the state. While many lower courts ruled in favor of the estates of individuals who received Medicaid benefits, the Court of Appeals often sided with state – and in my opinion – contrary to the law. It will likely be months before we know the final outcome, but hopefully the Supreme Court will not simply rubber stamp the state’s position and interpret the statute according to its clear language. Stay tuned for further updates.
The Consumer Financial Protection Bureau has released three helpful resources on reverse mortgages. The first addresses the issues of using a reverse mortgage to delay taking Social Security. The second resource provides an overview on many important concepts regarding reverse mortgages. The final resource is a two minute YouTube video that provides a limited overview […]
Kaiser Health News reported that in 2016 nearly 600,000 seniors took advantage of end of life consultations that are now covered by Medicare. 2016 was the first year health care providers were allowed to bill for the service and the number of seniors who used the service nearly doubled the 300,000 that was projected by […]
A durable power of attorney – where an agent is appointed to handle the financial affairs for someone who can no longer make such decisions for themselves (known as a principal) – has been used for decades. Years ago, these documents were rarely ever challenged or exploited. Unfortunately with the rise of elder abuse, banks […]