Critter Corner: Would a Graduation Gift to my Son Affect my Mother’s Medicaid Eligibility?

Dear Raider, My son recently graduated from high school. My mother wants to give him a monetary gift of $1,000. She is in the early stages of dementia and may need nursing home care in the not-so-distant future. Would giving … [Read more...]

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Is a Reverse Mortgage a Good Strategy in This Economy?

If you’re a homeowner nearing retirement age, you’ve probably seen the TV commercials about reverse mortgages. Tom Selleck offers a friendly explanation of reverse mortgages and how people use them. How accurate is what he and … [Read more...]

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Should My Mother Let Her Life Insurance Policy Lapse?

Q. My mother, Sandra, is considering letting her life insurance policy lapse. She claims that she is low on funds and that it is difficult to make the monthly payments. She is also concerned about Medicaid eligibility. Do you have … [Read more...]

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Critter Corner: Do Reverse Mortgages Affect Medicaid Eligibility?

Dear Ribbit, My wife and I are considering a reverse mortgage, since we have a lot of equity in our home and very little cash flow. She is in the early stages of dementia. Would the reverse mortgage affect Medicaid eligibility, … [Read more...]

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Virginia 529 Prepaid Education Plan Limited Time Open Enrollment: Plan Ahead for Your Child or Grandchild

We all dream of the day when our child or grandchild is accepted to college. From the time he or she is diapers, we begin planning for great things. We drive them to soccer, gymnastics, and music lessons in hopes that they are … [Read more...]

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