Will Making a Gift Conflict with Medicaid?
September 5, 2022
Understanding the different treatment of gifts by the IRS, Medicaid and VA systems can ensure that property passes as expected.
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Understanding the different treatment of gifts by the IRS, Medicaid and VA systems can ensure that property passes as expected.
Because Medicaid Long-Term Care is a means tested program, making sure that you qualify with a good Elder Law attorney is important. Not all attorneys that claim to be “estate planners” focus on getting you qualified.
This article addresses the new guidance issued by CMS which seeks to bolster standards for nursing homes in the U.S. that accept Medicaid.
Because of astronomical costs of care and support—often more than $100,000 per year—most individuals with disabilities will need government assistance, such as Supplemental Security Income and Medicaid.
In general, estate planning is a practice that requires forward thinking. However, sometimes estate planning must occur in the midst of a crisis.
What is covered by burial insurance?
The three main areas of focus for elder law attorneys include health care, estate and tax planning and guardianship matters.
Good Medicaid planning ahead of time in drafting the judgment will be critical in determining whether the family – or the state – will be awarded more or less of the judgment.
Can you use a reverse mortgage for long-term care?
Most Americans don’t have long term care insurance, and Medicare will only pay up to 100 days in the nursing home. Unless you want to use your assets – and potentially lose your home – then a good Medicaid long term care plan is a wise decision.
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