Details for PRUITT LAW OFFICES S.C. / RETAIL - Ad from 2019-08-14

ask the lawyer by John Zabkowicz Attorney at Law tItle XIX aND asset PreserVatION What do you do when your spouse has an unfortunate set back and has to enter an assisted living facility or nursing home? The last thing you should do is panic or worry about the potential expenses that could occur from their stay. With Title XIX, the community spouse (the healthy spouse) is entitled to keep a certain level of countable assets, which is determined initially at the first date of institutionalization. Countable assets include checking accounts, savings accounts, investments, life insurance policies, etc. The healthy spouse is entitled to keep between $50,000 and $126,420 of countable assets. This does not include the homestead, any pre-paid funerals, one vehicle, or the healthy spouse’s retirement or IRA accounts. For more questions on Title XIX and asset preservation, please contact Pruitt Law Offices at 262-6338301, through our website at pruittlawoffices.com, or visit us at 731 Main Street in Racine. We are your partners for professional service. www.pruittlawoffices.com Advertisement

You may be interested in

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.