Many people believe gifting automatically causes a period of Medicaid ineligibility. However, you can make small gifts of $500 (total) each calendar month without causing a day of ineligibility for receipt of Medicaid in the nursing home setting. This will result in $6000 of additional annual penalty […]
Read more →Archive for the Asset Protection Category
We use Irrevocable Medicaid Asset Protection Trusts extensively when working with clients to protect their assets from long term nursing home spending. In handling Nursing Home Asset Protection Planning, we confront client concerns about loss of control. In order to soothe the fears of lost control, clients […]
Read more →Caregiver Exception: Saving The Family Home By: Douglas L. Kaune If you or a family member qualify for Medical Assistance (Medicaid), the Federal Government will pay for the long term nursing home expenses. As many of you are aware, there are rules in place that limit the […]
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