Medicaid Planning

It is commonly understood that a single person or couple can keep their home and still be eligible for Medicaid benefits to help with the cost of assisted living or skilled nursing care. But what about your adult child’s home? It is not uncommon for a parent to help an adult child by giving them […]

The Probate Court has authority to enter orders to protect the families of individuals who need benefits to pay for their long term care. The Department of Health and Human Services that approves Medicaid applications is bound to adhere to the court order when it comes to income and asset eligibility limits. How can the

Financial assets have to be spent-down to a certain level in order to become eligible for Medicaid benefits to pay for skilled nursing. But with no funds left to pay the monthly care expenses the approval of the Medicaid application is very critical. Pre-planning with an elder law attorney can avoid these most common reasons

The “death tax”, as it is lovingly referred to by many, is going up again. And by “up”, I mean that the exclusion amount that all Americans have at their disposal to avoid paying this tax is increasing. That is a good thing for taxpayers, although as I wrote about earlier this year in March,

Tax strategies and Medicaid planning goals often conflict. As an example, imagine a single person who requires nursing home care and their main asset is an individual retirement account (“IRA”). In order to qualify for Medicaid this person will need to liquidate the IRA because of the $2,000 asset limit to be eligible for Medicaid