Archive for the Medicaid Category

New 2020 Spousal Impoverishment and Home Equity Limits

New 2020 Spousal Impoverishment and Home Equity Limits

We do a lot of planning for married couples who are interested in protecting family assets from future long term care spending.  When the time comes for one spouse or the other to move to a nursing home, there is often fear that the spouse who remains at […]

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What Is Pennsylvania’s Estate Recovery Program and How Can You Eliminate or Minimize the Ability of the State to Seize the Inheritance You Want to Leave to Your Loved Ones

What Is Pennsylvania’s Estate Recovery Program and  How Can You Eliminate or Minimize the Ability of the State  to Seize the Inheritance You Want to Leave to Your Loved Ones

Medicaid wants its money back and will seize whatever assets are left in your probate estate. f you are the current recipient of Medicaid or believe you may have to seek Medicaid down the road, it’s important to know that Medicaid can try to collect money from your probate estate after your death. For many seniors, the only asset remaining following an extended nursing home stay is their home.

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How a Trust Can Be Used in Your Medicaid Planning

How a Trust Can Be Used in Your Medicaid Planning

Careful Medicaid planning could allow you to preserve your hard-earned savings for the benefit of your children or other heirs while remaining in compliance with Medicaid’s complex laws and regulations for asset limits. Gifting assets to qualify for Medicaid can be a helpful planning tool; however, there […]

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