Social Security: Medicaid
What happens to your assets?
Although medicaid may be a big help if you, or your spouse, becomes ill and require long term care in a nursing home or other facility, it could also become a nightmare as far as your assets are concerned.
Neither your health care insurance or medicare may be there to pay the day to day costs of nursing home care. You are responsible for paying the nursing home bills yourself and unless you are wealthy and can afford the costs, your assets may be taken to cover the costs of the care.
Medicaid is designed to help those who cannot afford to pay for nursing home care, so if you have assets, such as a home, savings accounts, stocks and bonds, CD's, IRA's, mutual funds, and whole life insurance policies, they may be taken to pay the costs that are incurred.
Other assets that could be taken include cars, vacation homes, social security checks, pension checks, and you may lose your personal home and other assets to help pay for your nursing home healthcare expenses.
According to certain federal laws, if one spouse needs extended nursing home care, one half of all combined assets may have to be surrendered and depending on the extent of the nursing home stay, sometimes more than half may be taken.
Unless you are wealthy and can afford nursing home insurance, which is very expensive, you may be surprised to see your hard earned life savings taken from you to pay unexpected........
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If My Child Is Arrested?
If your minor child is arrested, it could cost you anywhere from a few hundred to a few thousand dollars.
Like adults, children get arrested for offenses ranging from public intoxication, drug and alcohol abuse, vandalism, auto theft, rape, murder, and a host of other crimes.
It is a good idea to learn and understand juvenile law and how it could effect your minor child, and you, if the child is arrested for any reason. The responsibility for all costs will land squarely in your lap and you will be the one who has to find ways to help your child get through the legal process. It could cost you anywhere from a couple of hundred to thousands of dollars.
Your child will have the same rights as those of an adult. Since he or she falls under specific laws that are designed to protect the rights of minors, someone has to step up to the plate to ensure that the minors rights are protected.
They have the right to remain silent, the right to the services of an attorney, and the right to a fair and speedy trial if formal charges are filed. They must be read their Miranda Rights before they answer any questions and they must be allowed to call a parent, guardian, or an attorney. The rights of minors do not exclude them from being punished to the full extent of the law.
The arrest of minor, a person who is 18 years old or younger, is usually handled in juvenile court, although in certain cases depending on the severity of the crime, a minor can be tried as an adult. He or she can be tried as an adult in Superior court for criminal offenses such as murder, attempted murder, rape, crimes that involve the use of........
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