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Monthly Archive for: "January, 2022"
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By Chad Oldham
In Elder Law News
Posted January 27, 2022

Can You Transfer a Whole Life Insurance Policy to a Term Policy Without a Medicaid Penalty?

If you are in a skilled nursing home and currently spending down your assets to qualify for Medicaid, can you transfer a whole life [...]

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By Chad Oldham
In Elder Law News
Posted January 27, 2022

What to Do About an Unwanted Inheritance

While an inheritance is usually desired, there are some circumstances in which it might be unwelcome. If you don’t want an inheritance, you must disclaim it. 

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By Chad Oldham
In Elder Law News
Posted January 25, 2022

Medicare Won’t Cover Rapid At-Home Covid Tests

Thanks to current federal rules, the people most at risk of death from Covid-19 -- the 62 million seniors and people with disabilities who receive Medicare -- can't be reimbursed for rapid [...]

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By Chad Oldham
In Elder Law News
Posted January 25, 2022

When Can Someone Be Declared Legally Incompetent?

If a loved one is experiencing memory loss or suddenly making poor decisions, you may want the court to appoint a guardian, which requires a declaration of incompetence. Determining whether [...]

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By Chad Oldham
In Elder Law News
Posted January 22, 2022

How Much Can a Trustee Be Compensated?

Serving as a trustee of a trust can be a huge responsibility, so trustees are entitled to compensation for their work. The amount of compensation depends on the type of trustee and the [...]

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By Chad Oldham
In Elder Law News
Posted January 21, 2022

California Removing Asset Test for Medicaid Eligibility

California is making big changes to how it determines Medicaid eligibility for long-term care by eliminating the requirement that applicants have limited assets. While the rules apply only to [...]

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By Chad Oldham
In Elder Law News
Posted January 20, 2022

You Can Just Say No: Declining to Act as an Agent Under a Power of Attorney

Acting as an agent under a power of attorney is a big responsibility and it isn’t something everyone can take on. It is possible to resign or refuse the position.

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By Chad Oldham
In Elder Law News
Posted January 13, 2022

Consumers Can Now See How Nursing Homes Compare on Staff Turnover and Weekend Help

The Centers for Medicare and Medicaid Services announced that it will add data on staff turnover rates and weekend staffing levels to its Care Compare website, giving consumers another tool [...]

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By Chad Oldham
In Elder Law News
Posted January 12, 2022

Worsening Nursing Home Staffing Crisis Taking a Devastating Toll on Residents, Their Families and Hospitals

Overwhelmed by the stress of long hours, low pay and exposure to the COVID-19 virus, nursing home workers are quitting in record numbers. The labor hemorrhage has turned what was already a [...]

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By Chad Oldham
In Elder Law News
Posted January 8, 2022

Who Pays Capital Gains Taxes When There Are Multiple Heirs?

When several siblings are heirs to a parent's estate, who pays the capital gains tax when the home is sold? Does each heir pay on his or her portion of the proceeds or are taxes paid from the [...]

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Mr. Oldham’s areas of practice are estate planning, elder law, probate and trust administration, estate and trust taxation, charitable and not-for-profit planning, business succession, wealth preservation planning, and special needs planning.

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603 Southwest Drive
Jonesboro, AR 72401
Phone: 870-930-9919
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