Medicaid Planning

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.

Elderlaw 101

Immediate annuities can be ideal Medicaid planning tools for spouses of nursing home residents. ...

Elderlaw 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.

Elderlaw 101

Medicaid has strict asset rules that compel many applicants to "spend down" their assets before they can qualify for coverage. It is important to know what you can spend your money on without endangering Medicaid eligibility.

Elderlaw 101

One of the greatest fears of older Americans is that they may end up in a nursing home. ...

Elderlaw 101

Transferring assets to qualify for Medicaid can make you ineligible for benefits for a period of time. Before making any transfers, you need to be aware of the consequences. ...

Elderlaw 101

Medicaid (called "Medi-Cal" in California, "MassHealth" in Massachusetts, and "TennCare" in Tennessee) is a joint federal-state program that provides health insurance coverage to low-income children, seniors, and people with disabilities.

Elderlaw 101

Do you need an attorney for even "simple" Medicaid planning? This depends on your situation, but in most cases, the prudent answer would be "yes." ...

Elderlaw 101