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The importance of documenting family loans.

A 2019 Bankrate survey found that sixty percent (60%) of American adults have loaned money to their children (https://www.bankrate.com/finance/credit-cards/lending-money-survey-2019/). Sadly, many reported the assistance to their child as having a negative impact, causing them to lose money, and even hurting…

Ohio Medicaid Changing IRA Rules

The Ohio Department of Medicaid is in the process of changing how it treats Individual Retirement Accounts (IRAs). Until now, IRAs have been treated like any other asset that can be liquidated. If someone filed for Medicaid with money in…

Your stimulus payment and Medicaid

As the $1,200.00 stimulus payments are distributed, many people receiving Medicaid coverage in nursing homes and other settings are finding their bank account creeping over the $2,000.00 they are normally allowed to have. Fortunately, this is not a problem. Stimulus…

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