How Can Promissory Notes Be Used in Medicaid Planning?
Promissory notes can be a valuable tool in Medicaid planning, as illustrated by a recent federal district court case.
Read morePromissory notes can be a valuable tool in Medicaid planning, as illustrated by a recent federal district court case.
Read moreWhether you should prepare and file a Medicaid application by yourself or should hire help depends on answers to the following questions:...
Read moreIn order to qualify for Medicaid, you can't have more than $2,000 in assets (in most states). Many people forget about life insurance when calculating their assets, but depending on the type of life insurance and the value of the...
Read moreWhen one spouse qualifies for Medicaid to pay for a nursing home stay, the spouse who is at home is often left without many resources.
Read moreA federal court has ruled that banks can’t foreclose on surviving spouses of reverse mortgage holders when the spouses can’t pay off the mortgage. ...
Read moreWhen one member of a couple moves to a nursing home, we expect that spouse will be the first to die, but this isn’t always the case. What happens if a Medicaid recipient's spouse dies first?...
Read moreFor many Medicaid applicants, individual retirement accounts (IRAs) are one of their biggest assets.
Read moreIn 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.
Read moreMany seniors consider transferring assets for estate and long-term care planning purposes, or just to help out children and grandchildren.
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