Medicaid is a state and federally funded medical assistance program that pays for medical services, including nursing home care. To be eligible for Medicaid Long-Term Care, you must have income and assets below specified standards. For married couples, the amount of...
There are strategies to protect assets while still obtaining vital Medicaid Long-Term Care benefits, but a living trust is not one of those strategies. Revocable Living Trust Definition A revocable living trust is a written agreement in which an individual, known as...
The notion that you cannot give anything away if you want to qualify for Medicaid is a myth; however, this is a complicated area of law. Before gifting away assets or making transfers of property, you may wish to consult with an experienced Elder Law Attorney....
Hospitals often play a role in helping patients find Long-Term Care service providers. Case managers or discharge planners will provide a list of Long-Term Care options to the patient before discharge. The hospital must disclose any financial interest it has in a...
It is never too late or too early to begin Medicaid Planning. If you are already living in a nursing home, assets may still be protected while obtaining Medicaid Long-Term Care benefits. Nursing home care is expensive. If you are managing these expenses through...
Over the last ten days or so, we posted a series of articles – all nationally released – about growing older. The Dutch Village Where Everyone has Dementia was a wonderful article about a town modeled after the village in The Truman Show – you remember, perfect...
Everyone knows they should plan for post-retirement – protect assets, set up health care directives, power of attorney, perhaps trusts, and a host of other planning instruments. And yet there’s a real hesitation in doing so, people put it off. We see that every day...
Sumner Redstone is a billionaire. At one time he was a pretty high profile billionaire, especially in the tabloids. That he’s in the news again isn’t all that surprising. That his story is a cautionary tale for everyone as they grow older and contemplate planning for...
https://youtu.be/oezJaBgR52E This is Piper. Piper is our office dog. His stats are pretty impressive – he’ll be two in late July but he’s already had two surgeries after eating (1) a large rock; (2) 3 brass fittings. When he’s not sleeping – he puts teenagers to shame...
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