Schedule a Call

Fill in your details below and we'll have one of our product specialists contact you.



Veterains Benefits Available

No Comments Elder Law

Understanding VA Pension and VA Pension with Aid and Attendance "Aid and attendance" is a commonly used term for a little-known veterans’ disability income. The official title of this benefit is "Pension." The reason for using "aid and attendance" to refer to Pension is that many veterans or their single surviving spouses can become eligible […]

Third Party Special Needs Trusts

No Comments News & Updates

Medicaid law governing trusts is designed to prevent disabled individuals qualifying for benefits while still retaining full control over their assets. A third-party, however, is still free to plan with his own assets and either give them outright to a disabled individual or tie them up and restrict them in trust as he sees fit. […]

What are Trusts, and How are they Used?

No Comments Estate Planning

There are many types of trusts, and many reasons that people execute them.  In its most basic form, a trust is simply an agreement between two people to hold something of value for a period of time under a specific set of instructions.  "Will you hold my wallet while I swim in the ocean so […]

Alabamba Thwarts Common Medicaid Planning Strategies

No Comments News & Updates

It is Alabama’s policy to value life estates at zero and to presume that annuities are saleable in determining the transfer penalty, even under the Deficit Reduction Act of 2005 (DRA), according to a recent letter by an Alabama Medicaid official.

New Estate Tax Exemption?

No Comments Estate Planning

The House and Senate have approved a $2.9 trillion budget resolution that would keep the estate tax at where it will be in 2009 under the current law. This means that the per-person estate tax exemption would be $3.5 million ($7 million for a married couple) and the top tax rate would be 45 percent.

States May Now Penalize Community Spouse Transfers Post-Qualification

No Comments Elder Law

A Center for Medicare and Medicaid Services (CMS) official says that the agency believes states now have the option of imposing a transfer penalty on an institutionalized spouse if the community spouse transfers protected resources after the institutionalized spouse’s eligibility has been determined.

Policy Review of Trust Owned Life Insurance

No Comments Estate Planning

This article explores many of the common misperceptions about trust owned life insurance – plus a process for you to add significant value for your clients by incorporating policy reviews of trust owned life insurance. Although trust owned life insurance (TOLI) is a common planning vehicle for high net worth individuals and families, relatively few […]

Better Protection than Guardianship

No Comments Elder Law

A Guardianship is controlled by the Chancery Court. The Court determines whether an individual is competent to handle their own affairs, or needs a guardian. The Court determines who will be the guardian to look after the affairs of the ward. Usually, detiled information about how the ward’s money is spent is periodically provided to the […]

Impact of DRA Uncertain

No Comments Elder Law

A new Government Accountability Office (GAO) study concludes that few of the elderly are transferring assets in order to become financially eligible for Medicaid coverage of long-term care, and that of the transfers that are made, the amounts are modest. The study also finds that the impact of the Deficit Reduction Act of 2005 (DRA), […]

Assisted Living Facility Qualifies as Long Term Care

No Comments Elder Law

A U.S. District Court in Ohio finds that an assisted living facility is a long-term care facility under the terms of a long-term care insurance policy, even though the facility did not have a nurse on site 24 hours a day. Hoekenga v. Continental Casualty Company (U.S. Dist. Ct., S.D. Ohio, No. 1:06-cv-458, April 18, […]

Get Your FREE Report Now!

Three Reports Tell Secrets to Paying for Nursing Home Care

Simply enter your name and email to the right to get
your 3 Free Reports that reveal little known secrets to qualifying for Medicaid without going broke.

Plus, receive the Morton Law Firm email newsletter and alerts to upcoming education events absolutely free!

Morton Book

Call Us (601)925-9797 or Email Us

Copyright 2018 Morton Law Firm, LLC | Privacy | Disclaimer | Sitemap