Archive for the Long Term Care Insurance Category

2020 IRS Rules Update Alert!

On April 7, 2020   /   Elder Law, Long Term Care Insurance  
2020 IRS Rules Update Alert!

The Internal Revenue Service (“IRS”) announced how much taxpayers can deduct from their 2020 income attributable to buying long-term care insurance.

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2019 Medicaid Reference Guide

On January 29, 2019   /   caregiver assistance, Elder Law, estate planning, Long Term Care Insurance, Medicaid, nursing home  

  The 2019 Medicaid numbers are out and they again serve to underscore the need to be proactive with your asset protection planning. If you plan ahead to protect your assets and qualify for Medicaid, you will avoid the need to run around frantically wondering what to […]

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Is Transferring Assets to Qualify for Medicaid Against the Law?

On February 6, 2017   /   Asset Protection, caregiver assistance, Elder Law, estate planning, Financial Abuse of Elderly, Gifting, Irrevocable Trusts, Long Term Care Insurance, Medicaid, Power of Attorney, Trusts, Uncategorized, Wills  

Is Transferring Assets to Qualify for Medicaid Against the Law? You may have heard that transferring assets, or helping someone to transfer assets, to achieve Medicaid eligibility is a crime. Is this true? The short answer is, no.  For a brief period it was, and it’s possible, […]

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