Posted in Probate & Estate Planning on Mar 22nd, 2010
Personal representatives have a fiduciary duty to act in the best interest of the estate they are appointed to administer. This fiduciary duty prohibits personal representatives from acting to advance their own interests. However, many times those appointed as personal representatives are also situated to inherit a portion of the decedent’s estate. Because these situations [...]
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Posted in ALTCS, Asset Protection on Mar 15th, 2010
A substantial number of people in need of long-term health care have too many assets to qualify for ALTCS, but not enough to cover the future costs of expensive medical treatment. Faced with this dilemma, many individuals mistakenly believe that their only option is to become destitute by spending all of their savings on health [...]
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Posted in Uncategorized on Mar 8th, 2010
When people lose the capacity to provide adequate care and comfort for themselves, Arizona law allows for the appointment of a guardian or conservator. Guardians assume the responsibility of making medical and placement decisions for an incapacitated person. Conservators assume the responsibility of making financial decisions for an incapacitated person.
A court must be convinced that [...]
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Posted in ALTCS, Asset Protection on Aug 27th, 2009
The Jackson White intake team recently fielded a call from a son whose father is in need of ALTCS services. The son stated that he is in the process of “assuming” dad’s mortgage. The home has about a $100,000 mortgage and the estimated Fair Market Value of the home is $240,000.
Question: Will assuming my dad’s mortgage [...]
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We agree, at JacksonWhite, that there are many wonderful group homes that provide excellent care. They meet a niche in the long term care continuum that is certainly a valued addition. However…
If your loved one is in a group home or you are a social worker referring to group home – beware. If the group [...]
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It’s that time of year again! Please join us in the fight against Alzheimer’s Disease. You can form your team now for the 2009 Memory Walk through the Alzheimer’s Association at www.alz.org. This is a family-friendly event and your four-legged friends are invited to join as well through the dog registration. There are five Memory [...]
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