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.
The Medicaid snapshot date is the date on which Medicaid takes a financial “snapshot” of a married couple’s assets. The “snapshot” can be thought of as taking a photo.
For disabled persons receiving financially based government benefits, supplemental needs trusts (‘SNTs’) can safeguard benefits and serve as an effective estate planning tool.
Medicaid Estate Recovery is the process whereby the government “claws back” your home sto seize it that you were originally told was “exempt” when you went into the nursing home. Relying on this “exemption” on your home is never a sure bet. Good planning is necessary.
Most Americans don’t have long term care insurance. Accordingly, paying for long term care out of private funds can be a difficult proposition. There are alternatives, however, to qualify under Medicaid, but you will need an attorney to help you navigate the process. Planning early is always the best option.
Virtually all states are experiencing shortages. Some are extreme, while a few are trending in the right direction. Where did Louisiana rank? Read the article to find out.
Many people want to sell their marital home after the death of a spouse and “downsize” to a smaller home, such as a condo or rental. This article discusses the tax implications of that move.
Medicare will restrict coverage of the controversial and costly Alzheimer’s drug Aduhelm to those enrolled in qualifying clinical trials, the Centers for Medicare and Medicaid Services announced Thursday.
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