Community Medicaid and Your House
Jul 31, 2019
Question: I am currently paying for caregivers to come to my house and assist me with day to day tasks. My friends tell me that I should apply for Community Medicaid but I own my home. Does the equity...
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Chronic Medicaid
Jul 24, 2019
I was speaking with a friend and she mentioned that I should consult an attorney for asset protection. I do not have a taxable estate, but she referred to a 5-year lookback. I do not understand why I ...
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Revocable and Irrevocable Trusts for Assisted Living
Jun 19, 2019
Question: About six years ago my parents signed two trusts: a revocable trust and an irrevocable trust. They transferred about $150,000.00 into the revocable trust and their house into the irrevocable...
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Medicaid and Prepaid Funeral
May 08, 2019
Question: My father is about to enter a nursing facility. He may have to spenddown some of his money in order to qualify for Medicaid. I was told that he could pre-pay his own funeral and he may be ab...
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Naming Guardians for Minors in your Last Will & Testament
Mar 27, 2019
Question: My husband and I have been talking about getting our estate planning documents in order. We have a modest estate and three children ages 2, 5 and 7. What questions should we be thinking abou...
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Sweetheart Wills
Feb 20, 2019
In our practice, we see a lot of Last Will & Testaments that were executed when a couple was younger that were appropriate when drafted but outdated. Your Last Will & Testament probably leaves everyth...
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Medicaid and Elective Share
Jan 25, 2019
We are frequently asked whether it is a good idea to disinherit your spouse due to the possibility of nursing home care in the future. While updating your estate planning documents is a good idea, sim...
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Medicaid Financial Levels for 2019
Dec 26, 2018
Question: My husband may require care in a Nursing facility. I was considering applying for Medicaid but I have heard that we could lose everything if we accept assistance through the Medicaid program...
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Medicaid and Elective Share
Dec 12, 2018
Question: My wife suffers from Alzheimer’s. Currently, I am her primary caregiver, but I am worried that if I predecease her, she will need to go to a nursing facility. One of my friends suggested exe...
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Gifting and Medicaid
Jul 30, 2018
Gifting and Medicaid planning is commonly misunderstood. We often see clients who believe that the gifting rules for Medicaid are the same as the IRS gifting regulations. The IRS allows a person to gi...
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