WARNING! Living Trust Scams Targeting our SeniorsWritten by Barbara Mascio
Continued from page 1
by a child who is younger than age 21, blind or disabledby a child who is age 65 or older and who has a countable income not exceeding need standard for Temporary Assistance for Needy Familiesby a sibling who has a verified equity interest in home and who was residing in home for at lest one year immediately before date individual was admitted to medical institution.
However, if you assign deed of your home to a Living Trust, you loose this exemption and your home is now considered a 'Countable Resource'.
Many seniors will find themselves in need of Medicaid assistance to help pay for health care services. Medicaid, once an 'entitlement program' available to those that met age and income criteria, is now a completely different program allowing state to collect Medicaid reimbursement from your estate. The federal guidelines and individual state guidelines are not always exact same guidelines. Each state has been provided a great deal of flexibility in how they interpret and govern Medicaid. Ohio happens to be one of worst states.
In fact, in a recent article published in Forbes Magazine, entitled 'Best Places to Die'', Ohio ranked 49 out of fifty for this and other reasons. See Best Places to Die
The Probate Myth:
If you are like my grandma, with less than a total of $200,000 in assets, chances are a Living Trust is not a reasonable vehicle to purchase simply to avoid probate. We have learned that as long as deed, bank accounts, insurance policies and so forth are written with proper legal wording of 'survivorship' these assets will seamlessly pass to surviving spouse, without probate.
Just as IRS has complicated tax returns to point an average citizen needs to pay for assistance in order to file, government has created same quagmire with Medicare and Medicaid issues.
- Trusts have solid purposes, however, please speak with someone who is well versed and educated on Medicare and Medicaid issues before pursuing.
- Not having a trust does not mean your estate will definitely go through Probate court.
- Do not assume you know how Medicare and Medicaid works. Either speak with a professional that specializes in elder planningissues privately, or attend one of many workshops to self-educate yourself.
- Seniors, please do not invite a sales representative in to your home while you are alone. You want someone you trust (an adult child or friend) to be in home during this sales presentation. This is not a 'dig'. You've been around block and are more savvy than most of us and you have right to do what you want. Just be aware that there are people out there that know how to manipulate your trust. In fact, their sales training teaches them 'how to' do just that.
- Never feel pressured to 'do it right now'. All professional reputable services expect you to consider your options.
- Never give your birth date, social security number, bank account numbers and so forth to anyone over telephone or to a stranger that has come to your home.
- Do not assume that a company with no complaints registered with Better Business Bureau equates to an 'approved' service. Anyone with $500 can join Better Business Bureau.
- Get all facts before you make a decision. Ask a lot of questions. Please, be careful.
Stop guessing! Select a Senior Approved Service! Phone toll free at 877-620-6448 for one-on-one assistance, or visit Seniors Approve Free Web Community
Founder and President of Quality Care Options
The Truth About Stuffing Envelopes And Home Assembly ProgramsWritten by Dean Phillips
Continued from page 1
Once you have purchased supplies and have done work, company often decides not to pay you because your work does not meet certain "standards." You are then left with merchandise that is difficult or impossible to sell.
If you have spent money and time on a work-at-home program and now believe program may not be legitimate, contact company and ask for a refund. Let company representatives know that you plan to notify officials about your experience. If you can't resolve dispute with company, file a complaint with following organizations:
The Federal Trade Commission works for consumer to prevent fraud and deception. Call 1-877-FTC-HELP (1-877-382-4357) or log on to:
* Your state's Attorney General's Office. * Your local consumer protection offices. * Your local Better Business Bureau.
* Your local postmaster. The U.S. Postal Service investigates fraudulent mail practices.
* The advertising manager of publication that ran ad. The manager may be interested to learn about problems you've had with company.
Dean Phillips is an Internet marketing expert, writer, publisher and entrepreneur. Questions? Comments? Dean can be reached at mailto: firstname.lastname@example.org
Make Money Online! Internet marketing expert, Dean Phillips will teach you how to make money online, starting today...Guaranteed! For details just visit my website.