Search Results: exempt asset
You also should be aware of the other procedures involved in estate settlement. Here is a quick review of some of them. Your attorney, as well as the organizations mentioned, can provide more details. Contact us to discuss your specific situation so that we can find ways to help! Transferring property. When thinking about transferring…
Read More Home » Practice Areas » Veteran’s Aid and Attendance » Possible Medical Expenses *Listing of Possible Medical Expenses These can be deducted from your gross income to determine VA benefit eligibility. * Medicare Premiums deducted from Social Security Supplementary medical insurance (Part B) under Medicare Abdominal supports Acupuncture service Ambulance hire Anesthetist Arch supports Artificial…
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We’re back in the car again on our Medicaid road trip. The unexpected and treacherous weather in the U.S. during the past week has certainly slowed us down. It is similar to working through the Medicaid process. Sometimes it is a smooth road and other times there are obstacles and surprises. Last week we talked…
Read More Home » Practice Areas » Wills, Trusts and Powers of Attorney » Personal Representatives, Trustees and Guardians Personal Representatives, Trustees and Guardians Selecting an executor or trustee Whether you choose a will or a living trust, you also need to select someone to administer the disposition of your estate – an executor or personal…
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Wills, Trusts & Powers of Attorney Regardless of your health or age, everyone over 18 needs to complete certain legal documents to protect themselves and their family. So what documents do you need in place? Contemplating losing capacity on a permanent or temporary basis is rarely top of mind. But the possibility of an unexpected…
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Last week we shared the 2021 Medicaid eligibility changes which coincide with the yearly social security adjustments which take effect each January. Over the next couple of months, we will explore what these amounts mean and other Medicaid terms and rules that often cause concern and confusion for families seeking long term care. We invite…
Read More Mr. Smith was shocked when he was told that his wife could be eligible for Medicaid. Although they have never been wealthy, Mr. and Mrs. Smith always worked decent paying jobs and saved for retirement in their IRAs. How could they be eligible for Medicaid?
Read More Money, Death, and Medicaid—topics very few want to discuss. When it comes to planning ahead for retirement, long-term care needs or death, I have come to learn that few families ever approach these topics. Most of our families come to us in crisis – they have insufficient funds for retirement, no plan for their long-term…
Read More Here’s a great question that we received just the other day: My wife has moved into a nursing home. In addition to our home, we own two rental properties. Our income is good, but it is not enough to pay for the nursing home. We are receiving mixed information about whether or not she can…
Read More For many individuals, retirement savings are their largest asset. And when facing nursing home care, the rules about Medicaid and IRAs can be very confusing. So, how do IRAs (and pensions, 401(k)s, 403(b)s, etc.) affect Medicaid eligibility? Will a large IRA disqualify a nursing home resident for Medicaid? For those who are receiving payments from…
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