Re: guardainship

[Guest guest]

Hi Nora,  If your sister met with a special needs attorney s/he could have

saved your brothers far more than the cost of legal advice.  A special needs

attorney would have recommended transferring your brother's assets to a

qualified special needs trust which would allow your brothers to qualify for

Medicaid.  Medicaid would then pay for medical bills, prescription costs,

residential supports, etc.  Paying for the right advice can provide a great

return on the dollar.  These trusts have been around since 1993.  I'm

surprised the judge hasn't made such a recommendation to your sister about this

option.  Terrie Varnet

________________________________

From: Nora <Handler55@...>

IPADDUnite

Sent: Monday, November 28, 2011 9:54 AM

Subject: guardainship

 

My brothers both lived in Cook County when my sister took over. They do have

assets, a trust that is not a special needs trust and a court structured

annunity from the settlement of a malpractice suit. So I guess that explains why

she is also guardian of the estate. If there are other guardians of the estate

on this list I would love to hear how you handle the finiancial accounting,

especially if you are doing it on your own without a lawyer. No offense to the

fine attorneys on this list but we are in the position of having too much money

but not enough and are trying to save money. Thanks for all the help. Nora

Digest Number 2127

IPADDUnite

Messages In This Digest (2 Messages)

1.1.

guardianship From: Nora

1.2.

Re: guardianship From: Theresa Varnet

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1.1.

guardianship

Posted by: " Nora " Handler55@... norahandler2001

Sun Nov 27, 2011 5:33 am (PST)

My sister is the guardian of the estate and the person for 2 of our brothers. Is

that uncommon? Nora