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Long Term Care Insurance Premiums are Tax Deductable

On October 30, 2012   /   Asset Protection, Long Term Care Insurance  

IRS Issues Long-Term Care Premium Deductibility Limits for 2013 The Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2013 taxes as a result of buying long-term care insurance (LTCI). This is great news for those who are presently paying long term care […]

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Transfer of House From Trust to Husband Subjects Wife to Penalty Period

On October 15, 2012   /   Asset Protection, Medicaid  

Transfer of House From Trust to Husband Subjects Wife to Penalty Period Williams v. Ohio Dept. of Job & Family Servs., 2012-Ohio-4659 In a recent decision, an Ohio appeals court ruled that the transfer of a house from a revocable trust benefiting the husband to the husband’s […]

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Second Circuit Affirms That Income Stream from Annuity Is Not an Asset for Medicaid Purposes

On October 9, 2012   /   Medicaid, nursing home  

Second Circuit Affirms That Income Stream from Annuity Is Not an Asset for Medicaid Purposes In an important case impacting the use of Annuities as a part of an Elder Law Plan, the the U.S. Court of Appeals for the Second Circuit upholds a district court ruling […]

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