Will a “Divorce Mortgage” Become a Reality in the U.S.?

With more senior couples divorcing, those who wish to keep the house may have the answer to their prayers provided it makes its way this side of the Atlantic: the “divorce mortgage.”

The concept is catching on in the U.K., according to an article in the British paper The Telegraph. As in the U.S., many […]

Think Tank Urges Seniors to Look to Reverse Mortgages as Part of Retirement Plan

With what he sees as today’s seniors being “home-rich” but “cash-poor,” G. William Hoagland, senior vice president of the Washington, D.C.-based think tank Bipartisan Policy Center (BPC), suggested that seniors look outside traditional forms of retirement planning and start thinking about reverse mortgages, according to an article from Reverse Mortgage Daily.

Speaking before a policy […]

DDD and Medicaid

If a recipient needs services from the Division of Developmental Disabilities (DDD), that recipient must qualify for Medicaid. The changes enacted have affected many DDD recipients.

Any new DDD application is required to meet the functional criteria and have Medicaid eligibility before they can begin receiving any services. If a person already receives DDD benefits […]

Miller Trusts

Effective December 1, 2014, in order to qualify for Medicaid, the applicant whose income exceeds the monthly income cap under the Medicaid program must create a Miller Trust. The excess monthly income is essentially placed into a self-created Miller Trust and paid directly to the nursing home each month by the designated trustee.



On December 19, 2014, the President signed into law the Achieving a Better Life (ABLE) Act of 2014, which allows for disabled persons to have limited savings accounts, without jeopardizing any governmental benefits received by that disabled person. The Treasury is to create regulations with respect to ABLE act accounts. The ABLE account is intended […]

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