David P. Bennett, Sr.'s Discussions
How to find a tax dodge for elderly relative who doesn't want royalty money and wants family to take over.
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I have elderly family who doesn't want royalty money to ruin her financial status at her assisted living home. How best to protect this person and assure that she will be taken care of.Continue
Started this discussion. Last reply by David P. Bennett, Sr. Feb 1, 2013.
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Posted on February 27, 2012 at 10:49 — 1 Comment
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David,
Financial Aid Center has a out a program (MAPP) that you ( or others) need to get about medicaid protection. $149 on Amazon. Well worth the price. They have a video on utube. Watch it before you order.
I take it you are in La.and the assset protection laws here are like no other state.
I tried to get info from 5 local laywers. None of them would tell me anything, and these were people I knew personaly. I then tried an estate planner. His info was pretty good but didn't jive with what I learned from the MAPP program.
I then found a book "Estate Planning in Louisiana" by Paul A Rabalias .
Lots of good info and answers in it. Try Amazon- May be hard to find now
We went with them for trust estate planning-cost like rip but everything got covered and was done in a reasonable amount of time.
Rabalias Law is in Baton Rouge but have offices in Shreveport,Monroe and Alex..www.rabalaislaw.com
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