Archive for the Elder Law Category

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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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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Be Careful Gifting Money back To A Parent!

On November 21, 2014   /   Asset Protection, Elder Law, Gifting, Medicaid, nursing home  

When a parent or loved one gifts assets to you, they will become ineligible to apply for Medicaid for a period of time.  The ineligibility period will begin when the person who made the gift applies for Medicaid.  The length of the ineligibility period will be equal to […]

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