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Families who haven’t engaged in asset protection are often surprised when they discover there’s a claim against the family house filed by Georgia’s Medicaid program. The rules about homeownership and Medicaid can be very confusing! A nursing home resident can own a home and still receive Medicaid benefits because the home is considered an…
Read MoreHurley Elder Care Law often discusses the protections for married couples when one spouse enters the nursing home and the other resides at home or in a community. But what happens when both spouses require nursing home level care? This occurs more often than you may think, and the Medicaid rules are quite different when…
Read MoreBurial Contracts and Medicaid Eligibility Last week, we discussed the complexities of how life insurance impacts Nursing Home Medicaid eligibility. However, what if the Medicaid applicant does not have life insurance but would like a plan in place to help their family pay for final expenses? Many people will consider paying in advance for funeral…
Read MoreAs we have pointed out in previous blogs, applying for Nursing Home Medicaid can be tricky. There are assets an applicant can have which are ‘countable’ while others are ‘exempt’. Furthermore, there are Medicaid eligibility rules even within these assets which can get the applicant denied if not addressed properly by an experienced elder law…
Read MoreIt’s no secret that the Hurley Elder Care Law team loves their pets! Pets provide love and companionship to people of all ages but caring for a furry friend is especially beneficial for older adults. There are many ways you can plan to age while being a loving pet owner. Pets Do Improve Your…
Read MoreWhat is a pet trust and how can establishing one help you take care of your furry friends? For many of us, a pet is a true part of the family. There are proven health benefits to owning a pet like an increase in your physical activity and more social interaction. Pets provide valuable companionship…
Read MoreWe live in an increasingly digital world. Technology is ingrained in our day-to-day lives, so much so that maintaining personal and financial information on the internet is routine. Any type of electronic information that can be stored on a device (such as a computer, tablet, or phone), online, or in the cloud is considered a…
Read MoreMisinformation is rampant! You’ve heard the expression, “don’t believe everything you read on the internet.” Well, the sad reality is that misinformation is not just on the internet, but also comes from seemingly reputable individuals, professionals, and yes . . . even attorneys. Here are a few ill-advised suggestions we’ve heard recently: The misinformation:…
Read MoreWhat is an asset? The dictionary defines an asset as “something that is owned by a person, company, or organization, such as money, property, or land.” In general, there are four broad classes of assets: Equities (stocks) Fixed income and debt (bonds) Money market and cash equivalents. Real estate and tangible assets. A house, like…
Read MoreWhen my Hurley Elder Care Law attorney recommends “asset protection” what does that really mean? Simply put, asset protection planning involves a comprehensive review of your current financial situation, your goals, your likely future needs, and your social support system. This thorough review leads our attorneys to an asset protection plan that will help you…
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