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June 2007 ElderLaw Newsletter
July 2007 ElderLaw Newsletter
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2007</span></strong></p>
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<h1><span style='font-size:12.0pt;font-family:"Arial","sans-serif";
color:#A80449'><br>
</span><span style='font-size:10.0pt;font-family:"Arial","sans-serif";
color:#000066'>This Month's Articles:</span></h1>
<blockquote style='margin-top:5.0pt;margin-bottom:5.0pt'>
<p class=MsoNormal><span style='font-family:Symbol;mso-ascii-font-family:
"Times New Roman"'>·</span><span style='mso-spacerun:yes'> </span><a
href="http://by108fd.bay108.hotmail.msn.com/cgi-bin/dasp/EN/rte___10000003.asp#1"><span
style='font-size:9.0pt;font-family:"Arial","sans-serif"'>Private Medicare
Plans Accused of Using Shady Marketing Tactics</span></a></p>
<p class=MsoNormal><span style='font-family:Symbol;mso-ascii-font-family:
"Times New Roman"'>·</span><span style='mso-spacerun:yes'> </span><a
href="http://by108fd.bay108.hotmail.msn.com/cgi-bin/dasp/EN/rte___10000003.asp#2"><span
style='font-size:9.0pt;font-family:"Arial","sans-serif"'>Consider Putting
Gifts to Grandchildren in a Trust</span></a></p>
<p class=MsoNormal><span style='font-family:Symbol;mso-ascii-font-family:
"Times New Roman"'>·</span><span style='mso-spacerun:yes'> </span><a
href="http://by108fd.bay108.hotmail.msn.com/cgi-bin/dasp/EN/rte___10000003.asp#4"><span
style='font-size:9.0pt;font-family:"Arial","sans-serif"'>Receiving an
Inheritance While on Medicaid</span></a></p>
<p class=MsoNormal><span style='font-family:Symbol;mso-ascii-font-family:
"Times New Roman"'>·</span><span style='mso-spacerun:yes'> </span><a
href="http://by108fd.bay108.hotmail.msn.com/cgi-bin/dasp/EN/rte___10000003.asp#5"><span
style='font-size:9.0pt;font-family:"Arial","sans-serif"'>GAO Study Finds
Transfers by Elderly Are Infrequent and Small</span></a></p>
</blockquote>
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<td style='padding:3.75pt 3.75pt 3.75pt 3.75pt'></td>
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<td style='background:#EEE7CA;padding:3.75pt 3.75pt 3.75pt 3.75pt'>
<p class=MsoNormal><a name=1><strong><span style='font-size:10.0pt;
font-family:"Arial","sans-serif";color:#000066'>Private Medicare Plans
Accused of Using Shady Marketing Tactics</span></strong></a></p>
</td>
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<tr style='mso-yfti-irow:3'>
<td style='padding:3.75pt 3.75pt 3.75pt 3.75pt'>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>Some
insurance companies have been using improper tactics to sign up seniors
for private Medicare plans, according to government officials and
advocacy groups. The tactics include going door-to-door, forging
signatures, and giving false information.</span></p>
</td>
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<td style='padding:3.75pt 3.75pt 3.75pt 3.75pt'>
<p class=MsoNormal align=right style='margin-bottom:12.0pt;text-align:
right'><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'><a
href="http://campaign.elderlawanswers.com:81/CT00006201ODU2MjcA.HTML"><span
style='font-size:9.0pt'>more...</span></a></span></p>
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<p class=MsoNormal><a name=2><strong><span style='font-size:10.0pt;
font-family:"Arial","sans-serif";color:#000066'>Consider Putting Gifts to
Grandchildren in a Trust</span></strong></a></p>
</td>
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<td style='padding:3.75pt 3.75pt 3.75pt 3.75pt'>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>Gifting
assets to your grandchildren isn't just a nice thing to do; it can reduce
the size of your estate and the tax that will be due upon your death.
Grandparents can give their grandchildren up to $12,000 a year (in 2007)
without having to report the gifts, and putting the money into a trust
has some major advantages.</span></p>
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<td style='padding:3.75pt 3.75pt 3.75pt 3.75pt'>
<p class=MsoNormal align=right style='margin-bottom:12.0pt;text-align:
right'><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'><a
href="http://campaign.elderlawanswers.com:81/CT00006202ODU2MjcA.HTML"><span
style='font-size:9.0pt'>more...</span></a></span></p>
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<td style='padding:3.75pt 3.75pt 3.75pt 3.75pt'></td>
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<tr style='mso-yfti-irow:10'>
<td style='background:#EEE7CA;padding:3.75pt 3.75pt 3.75pt 3.75pt'>
<p class=MsoNormal><a name=4><strong><span style='font-size:10.0pt;
font-family:"Arial","sans-serif";color:#000066'>Receiving an Inheritance
While on Medicaid</span></strong></a></p>
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<td valign=top style='padding:3.75pt 3.75pt 3.75pt 3.75pt'>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>For
most people, receiving an inheritance is something good, but for a
nursing home resident on Medicaid, an inheritance may not be such welcome
news. Medicaid has strict income and resource limits, so an inheritance
can make a Medicaid recipient ineligible for Medicaid. Careful planning
is necessary to make sure the inheritance doesn't have a negative impact.</span></p>
</td>
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<tr style='mso-yfti-irow:12'>
<td style='padding:3.75pt 3.75pt 3.75pt 3.75pt'>
<p class=MsoNormal align=right style='margin-bottom:12.0pt;text-align:
right'><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'><a
href="http://campaign.elderlawanswers.com:81/CT00006204ODU2MjcA.HTML"><span
style='font-size:9.0pt'>more...</span></a></span></p>
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<p class=MsoNormal><a name=5><strong><span style='font-size:10.0pt;
font-family:"Arial","sans-serif";color:#000066'>GAO Study Finds Transfers
by Elderly Are Infrequent and Small</span></strong></a></p>
</td>
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<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>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.</span></p>
</td>
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<p><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'><br>
<em><b><span style='font-family:"Arial","sans-serif"'>ElderLaw News</span></b></em>
is a monthly e-newsletter that brings you reports of legal developments
and other trends of vital interest to seniors and their advocates. This
newsletter is brought to you by <strong><span style='font-family:"Arial","sans-serif"'>Law
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