Medicaid Planning Strategies

Under Medicaid law, following the death of the Medicaid recipient a state must attempt to recover from his or her estate whatever benefits it paid for the recipient's care.

Medicaid 101

Although many people are willing to voluntarily care for a parent or loved one without any promise of compensation, entering into a caregiver contract with a family member can have many benefits. ...

Medicaid 101

A promissory note is normally given in return for a loan. Classifying transfers as loans rather than gifts can be useful because it sometimes allows parents to "lend" assets to their children and still maintain Medicaid eligibility.

Medicaid 101

A number of considerations go into how much long-term care insurance any consumer should buy. ...

Medicaid 101

Congress established the Medicaid Money Follows the Person (MFP) Program to provide states with federal funding to help seniors who are receiving care in institutions but want to live at home. ...

Medicaid 101

Immediate annuities can be ideal Medicaid planning tools for spouses of nursing home residents. Careful planning is needed to make sure an annuity will work for you or your spouse. ...

Medicaid 101

There are a number of different kinds of trusts, but they fall into two basic categories: testamentary and inter vivos.

Elderlaw 101

With careful Medicaid planning, you may be able to preserve some of your estate for your children or other heirs while meeting the Medicaid asset limit.

Medicaid 101

Determining the best time to buy long-term care insurance can help you manage your finances effectively as you prepare for the future.

Medicaid 101