Elder Law, If I give my agent immediate powers, do I forfeit all rights to make financial decisions? You Might Also Like If my spouse and I own everything jointly, might a durable power of attorney still be useful? If I choose a durable power of attorney, how would my incapacity be determined? Will my loved one get worse care in the nursing home once Medicaid starts paying for his/her care? Do I have to wait five years after giving anything away to get Medicaid? Should I add my family members names on my assets and avoid a will?
Elder Law, If I give my agent immediate powers, do I forfeit all rights to make financial decisions? You Might Also Like If my spouse and I own everything jointly, might a durable power of attorney still be useful? If I choose a durable power of attorney, how would my incapacity be determined? Will my loved one get worse care in the nursing home once Medicaid starts paying for his/her care? Do I have to wait five years after giving anything away to get Medicaid? Should I add my family members names on my assets and avoid a will?
