Medicaid Planning Strategies

While Medicaid helps pay for nursing home care, being admitted to a nursing home as a Medicaid recipient is not always easy. There are several ways to navigate the process, depending on your situation. ...

Medicaid 101

While it is preferable to conduct long-term care planning well in advance of needing care, if you haven’t planned ahead, there are some strategies available to avoid spending all your assets, including “half a loaf.” ...

Medicaid 101

Life estates can be an excellent tool for Medicaid planning, probate avoidance, and tax efficiency, but there are potential problems and risks to understand before creating one. Is a life estate right for you?...

Medicaid 101

In addition to helping your family after your death, a prepaid funeral contract can be a good way to spend down assets in order to qualify for Medicaid. It lets your family know how to carry out your wishes.

Medicaid 101

In recent years a number of non-lawyers have started businesses offering Medicaid planning services to seniors. While using one of these services may be cheaper than hiring a lawyer, the overall costs may be far greater.

Medicaid 101

In some states (called "income cap" states), Medicaid applicants who have excess income can qualify for Medicaid only if they put the excess in a special trust, called a "Miller" trust or a "Qualified Income Trust.

Medicaid 101

In order to qualify for Medicaid, a nursing home resident's income must not be above a certain level. ...

Medicaid 101

I heard about something called a “Lady Bird deed” that could be useful if I need to apply for Medicaid. What exactly is it and why is it named that?...

Medicaid 101

After a Medicaid recipient dies, the state must attempt to recoup whatever benefits it paid for the recipient's care from their estate. There are steps you can take to protect your home from estate recovery.

Medicaid 101