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What If You Want Gifted Assets Back From An Irrevocable Trust?

On December 5, 2014   /   Asset Protection, Elder Law, Gifting, Irrevocable Trusts, Trusts  

The Medicaid Asset Protection Trust is one of the building block documents you are likely to use if you want to properly protect assets from being lost to high nursing home costs.  Click on the following link to get more information about a special type of Irrevocable Trust clients […]

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What You can Keep If Your Spouse Needs Nursing Home Care

On December 1, 2014   /   Asset Protection, Irrevocable Trusts, Medicaid, nursing home, Power of Attorney, Trusts, Wills  

Should it become necessary for one spouse to move to a long term nursing care facility (“Institutionalized Spouse”), the spouse who remains at home (“Community Spouse”) will need to know their rights and planning options.  In order to determine the best approach for protecting assets for the Community Spouse and […]

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Medicaid Homestead Exemption: Contract to Sell Home Does Not Negate Intent to Return to It

On November 24, 2014   /   Elder Law, Medicaid, nursing home  

The Medicaid Homestead Exemption allows a person who has entered a nursing home to apply and qualify for Medicaid even if they still own their home, assuming all other economic thresholds are met.  In order for the Homestead Exemption to apply, the nursing home resident or the […]

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