Who Can I Ask To Be My Attorney
You should ask someone you trust. You may choose your spouse, a close friend, a family member or anyone else that you trust. Carefully consider whether they are the best choice to manage your money and property, and do so in your best interest.
The minimum legal age for an attorney varies according to the province or territory where you live. The person you ask to be your attorney can refuse to act for you, so it is important to ask the person first if they are willing to take on this responsibility and everything that it entails. You should also consider appointing a substitute attorney in case the first attorney can no longer act for you.
How Do Funds In A Joint Bank Account Count Towards Medi
Medi-Cal eligibility can be a complicated issue with many myths and confusing facts surrounding the topic. One of the biggest areas of confusion is joint bank accounts and how they impact a persons Medi-Cal eligibility. Many people believe that only 50% of the funds in a joint bank account are considered as assets for the person applying for the program.
However, that statement is simply not true. While Medi-Cal eligibility requirements do vary from state to state, generally when an applicant owns a joint account, the state takes 100% percent of the money into consideration when determining eligibility. Even if a joint account has multiple names listed, that money will still be counted toward eligibility.
Why does the state count assets in such a way? Many times a second person is added to a joint account for administrative purposes or for the sake of convenience and never contributes any funds to the account. Adding another person allows them to write checks, discuss matters the bank, and withdraw money. The only way to get the state to value the account differently is if the owner can provide documentation that both parties contributed funds into the jointly held account.
Are You Ready To Qualify for Medi-Cal Benefits?
Why Set Up A Joint Bank Account
There are many reasons why someone may consider opening a joint account. For example, couples may set up a joint account to pay household bills or deal with other shared expenses. This is one of the most common uses of joint accounts.
In some cases, joint accounts may be considered as an option for someone to get help from family members or friends to pay bills and manage their finances.
For example, health conditions or mobility issues could make it difficult for someone to manage their personal banking on their own. Getting to the bank or using online banking services can be difficult for some people. A person may consider setting up a joint account with a family member, such as an adult child, after the death of a spouse who used to deal with the household finances.
It may also be important to consider other consequences of a joint account such as whether probate fees or taxes will apply upon the death of a joint account holder or whether the remaining funds are intended to form part of the deceaseds estate or be gifted to the surviving joint account holder. These considerations may be addressed in consultation with a lawyer.
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How Much Money Can A Debt Collector Take From Your Account
The amount of money a debt collector can take from your account depends on the state where you live.
In New York, for example, $2,664 to $3,600 in a consumers bank account is automatically protected from a garnishment for debt collection. In California, that amount was $1,788 as of September 2020 the sum is adjusted each year for inflation. Meanwhile, Delaware bans garnishment of bank accounts.
In several other states, a consumer can apply a wildcard exemption to garnishment of assets, which may include a bank account. According to the National Consumer Law Center, examples of these exemption amounts include:
Aside from the original debt, a debt collector could take money to cover court-ordered fees and other costs.
The Exploit Specifically Affects Accounts With Visa Bank Cards Attached To Express Transit
The researchers specified that the security exploits they discovered specifically put any iPhone with a Visa bank card attached to its Express Transit feature in danger. Similar tests against phones using Samsung Pay or a Mastercard were unsuccessful in stealing the funds.ae0fcc31ae342fd3a1346ebb1f342fcb
Even though the conditions were created in a lab and there’s no evidence that thieves have used the vulnerability to steal cash, some experts feel the potential open door for thieves could soon have serious consequences. “Perhaps the greatest worry is for a lost or stolen phone,” Ken Munro, a researcher with cyber security consultancy Pen Test Partners who was not involved in the research, told the BBC. “The crook doesn’t have to be concerned about being spotted by others as they carry out the attack anymore.”
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What Can A Debt Collector Not Take From Your Account
Many federal benefits cant be taken through garnishment, except to pay delinquent taxes, alimony, child support or student loans. The laws in your state may determine which state benefits can be garnished.
According to the Federal Trade Commission, federal benefits that generally are exempt from garnishment include:
- Social Security benefits
- Federal emergency disaster assistance
A Bank Vod Wont Solve All Bank Statement Issues
Verifications of Deposit, or VODs, are forms that lenders can use in lieu of bank statements. You sign an authorization allowing your banking institution to handcomplete the form, which indicates the account owner and its current balance.
VODs have been used to get around bank statement rules for years. But dont count on them to solve the abovementioned issues.
First, the lender can request an actual bank statement and disregard the VOD, if it suspects potential issues.
Second, depositories are also required to list the accounts average balance. Thats likely to expose recent large deposits.
For instance, if the current balance is $10,000 and the twomonth average balance is $2,000, there was probably a very recent and substantial deposit.
In addition, theres a field in which the bank is asked to include any additional information which may be of assistance in determination of creditworthiness.
Thats where your NSFs might be listed.
There are good reasons to doublecheck your bank statements and your application before sending them to your lender. The bottom line is that you dont just want to be honest you want to avoid appearing dishonest.
Your lender wont turn a blind eye to anything it finds suspicious.
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Q Who Qualifies For Medicaid
A. Citizenship and Residency – To obtain full Medicaid benefits in Delaware, you must be a Delaware resident and either a U.S. citizen or a legally residing noncitizen. Full coverage for noncitizens which include DACA recipients is dependent on the availability of state funding. However, noncitizens can qualify for coverage for emergencies and labor & delivery services if income requirements are met.
Income Level – Qualifying for Medicaid is also based on need. Household income must be under certain limits as defined by the Federal Poverty Level and is based on family size. For Long Term Care programs, financial resources must also be under a certain amount. There are also specific programs for individuals who meet certain medical or disability tests, or who qualify due to age or pregnancy. To find out more about different Medicaid and other medical assistance programs, visit DMMA Programs & Services.
What Is A Power Of Attorney
A power of attorney is a legal document that you sign to give one person, or more than one person, the authority to manage your money and property on your behalf. In most of Canada, the person you appoint is called an attorney. That person does not need to be a lawyer.
Among other requirements, you must be mentally capable at the time you sign any type of power of attorney for it to be valid. In general, to be mentally capable means that you are able to understand and appreciate financial and legal decisions and understand the consequences of making these decisions. However, the legal definition of mental capacity will vary based on the laws in each province or territory.
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Which Disabilities Qualify For Ssdi
SSDI recipients must be diagnosed with a disability recognized by the SSA. The qualifying disabilities are listed in what is called the Blue Book. They include:
- Musculoskeletal problems
- Cardiovascular conditions
- Respiratory conditions
- Kidney disease
- Digestive tract disorders
- Immune System Disorders
- Skin disorders
- Hematological/blood disorders
- Neurological disorders
- Mental illnesses and disorders
These are only some of the conditions that may qualify you for SSDI. When evaluating disabilities, one of the most important factors considered by the SSA is whether your condition is severe. In this context, this means that the disability significantly limits your ability to perform basic work-related tasks, such as standing, lifting, thinking clearly, walking, sitting, and/or remembering.
Another important factor is your prognosis. In order to qualify, a disability should be expected to prevent you from working for at least a year. SSDI does not cover short-term illnesses or injuries.
What Happens If A Debt Collector Sues You
If a debt collector sues you, be sure to respond right away, either on your own or through an attorney. This may involve submitting a written response or showing up in court, according to the Federal Trade Commission.
In addition, review your financial records regarding the debt, and read through the lawsuit. Look for any errors in the suit, such as an incorrect amount related to the debt you owe.
Having trouble figuring out the legal lingo and your next steps? You may want to seek the expertise of a legal aid service or an attorney.
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How Does A Rogue Investigator Get Bank Records
The two most common ways that investigators obtain bank records or account information is through a source in the banking industry or through pretexting.
Although pretexting does have legitimate and legal uses , the use of pretexting to obtain financial information about another person is protected under the The Gramm-Leach Bliley Act, passed in 1999, which imposed strict penalties for individuals who obtain information about a third party account through pretext or deceit.
Q Where Do I Go To Apply For Medicaid
A. There are several ways to apply for Medicaid and other medical assistance programs:
- On the internet, you can use ASSIST to check your eligibility for several different assistance programs by completing a self-screening questionnaire. ASSIST then allows you to apply online.
- You may also print an Application for Health Insurance/Medicaid. The application form is also available in Spanish/en Español.
- By phone, you can contact Medicaid Customer Relations at 1-800-372-2022 or 255-9500 to be directed to the Division of Social Services office closest to where you live. DSS staff members will help you find out more about eligibility for Medicaid and other assistance programs. Then the appropriate information and application forms will be mailed to you. Complete, sign and date the application form in ink and mail it to the address provided.
- For Long Term Care applications, please call the Long Term Care Medicaid Unit listed for the county where you live.
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Eligibility For Health Care Benefits For Masshealth The Health Safety Net And Children’s Medical Security Plan
To find out if you’re eligible, you must fill out an application. You can learn more about how to apply to MassHealth, the Health Safety Net, or the Children’s Medical Security Plan or for seniors or those who need long-term-care. If you need completing the application, you can find assistance in your area.
Using Your Healthy Connections Plan
Q. What medical services does Medicaid cover? A. Within certain limits, Medicaid will pay for services that are medically necessary. Examples of services that may be covered include doctor visits, medications, hospital visits, and many other medical services.
If you have any questions about what is covered, to view a chart that shows each health plan and what they cover. You can also contact Healthy Connections toll-free at 1-888-549-0820.
Q. How long will my Medicaid benefits remain active? A. Eligibility for most Healthy Connections programs lasts for 1 year. After 1 year, South Carolina Health and Human Services will review your case annually.
Q. I was enrolled in S.C. Healthy Connections Choices and now am told I must choose between health plans. What should I do? A. The Healthy Connections Choices website offers comprehensive information on its health plans. Members may utilize a Quick Start Guide, search for doctors, compare plans, and more. Please visit S.C. Healthy Connections Choices for more information.
Q. Do I need to tell South Carolina Healthy Connections when I move or change jobs? A. Yes. If you have any changes to your income, resources, living arrangements, address or anything else that might affect your eligibility you must report these changes to Healthy Connections right away at 1-888-549-0820.
Q. What if my Medicaid card is lost or stolen? A. Report a lost or stolen card to Healthy Connections immediately at 1-888-549-0820.
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Common Misconceptions About Medicaid
I have a confession. Ive been avoiding writing about Medicaid. Its just so complicated it scares even me the expert. But Medicaid can be really important to daughterhood. Someday you might have to decide if its right for your parent. So, you have to get smart about it.
Why Medicaid is important? Its important because its the safety net when everything falls apart.
When your frail mother has been caring for your Dad at home alone for five years and she cant do it any longer. When 24 hour a day home care is too expensive, and still not enough to keep your dad safe. And, then when his nursing home care quickly depletes their savings.
Maybe youve only heard about Medicaid as a program that provides health insurance under Obamacare. Well, for much longer than weve had Obamacare, Medicaid has been paying for nursing home care and, sometimes, home care for people who are very frail or disabled and whose income and assets have either been depleted by the costs of care or who never had much money to begin with.
The challenge here is navigating this very complicated program to get the help you need. Among the many complexities youll face as a daughter, few are more daunting and flat out scary than pursuing Medicaid eligibility.
But, as Ive said before, I believe that you always just gotta start you just have to get in the boat and start rowing, and the very first thing you need to do is avoid the big misconceptions about Medicaid that trip up so many people.
Qualified Medicare Beneficiary Program
This program helps to pay Medicare Part B premiums and copayments. It can also assist with deductibles and coinsurance for both Medicare Part A and Part B.
- Asingle person can qualify for the program in 2021 with an income of up to $1,094 per month.
- A couple can qualify with a combined income of $1,472 per month.
- The asset limits are $7,970 for an individual and $11,960 for a couple.
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Does What I Have In The Bank Or What I Own Such As A Home Or Car Affect My Eligibility For Medi
Yes. You are allowed to have assets up to $2,000 in value . Some of your assets, like your home and car, are not counted for this program. for a list of additional exemptions.
Assets may include:
- the value of stocks, bonds, and trust deeds
- additional cars or recreational vehicles and
- promissory notes and loans that are payable to you.
Note: This category of Medi-Cal exempts some types of resources:
Is All Of My Income Taken Into Account When Determining 250% Of The Federal Poverty Level For This Medi
No. This program uses Social Security’s countable income calculation to determine your income. Additionally, the WDP Program does not count unearned income from private or public disability benefits when determining your countable income.
Important: Medi-Calâs deeming rules apply when a worker has combined household income, for example income from a spouse.
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Faq On Mortgage Bank Statements
Why do mortgage lenders need bank statements?
Mortgage lenders need bank statements to make sure you can afford the down payment and closing costs, as well as your monthly mortgage payment. Lenders use your bank statements to verify the amount you have saved and the source of that money. They want to see that its really your cash or at least, cash from an acceptable source and not a discreet loan or gift that makes your financial situation look better than it really is.
How many bank statements do I need for a mortgage?
Mortgage lenders typically want to see the past two months worth of bank statements.
Do I have to disclose all bank accounts to a mortgage lender?
If a bank account has funds in it that youll use to help you qualify for a mortgage, then you have to disclose it to your mortgage lender. That includes any account with savings or regular cash flow which will help you cover your monthly mortgage payments.
What do underwriters look for on bank statements?Do mortgage lenders look at savings?
Yes, a mortgage lender will look at any depository accounts on your bank statements including checking and savings as well as any open lines of credit.
Why would an underwriter deny a loan?How long does it take an underwriter to make a decision?
Underwriting times vary by lender. The time it takes an underwriter to approve your mortgage could be as little as two or three days, or as much as a week. Big banks tend to move more slowly than nonbank mortgage lenders.