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Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself.
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Archives

Tag Archives for: "countable assets"
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 Does a Life Insurance Policy Owned by Someone Else Have to be Spent Down for Medicaid?
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By Harry Margolis
In Long-Term Care Planning
Posted July 14, 2020

Does a Life Insurance Policy Owned by Someone Else Have to be Spent Down for Medicaid?

Question: If a child is the owner of a life insurance policy, and the parent is the insured, is the policy excluded from a Medicaid spend down? There was no transfer of ownership; the child was [...]

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 Are Really Small Life Insurance Policies Non-countable for Medicaid Eligibility?
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By Harry Margolis
In Long-Term Care Planning
Posted April 3, 2020

Are Really Small Life Insurance Policies Non-countable for Medicaid Eligibility?

Question: I’m taking a long-term care insurance course. In it there is a discussion of Medicaid asset limits and a list of non-countable assets. It’s reporting that cash value life [...]

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 Are IRAs Countable Assets for Purposes of Medicaid Eligibility?
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By Harry Margolis
In Long-Term Care Planning
Posted February 14, 2020

Are IRAs Countable Assets for Purposes of Medicaid Eligibility?

Question: If I need to go to a nursing home on Medicaid, will my wife’s IRA be counted as an asset in determining my eligibility? Response: That depends on your state. Some states treat [...]

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 Can Investment Account be Medicaid Protected by Adding Co-Owner?
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By Harry Margolis
In Long-Term Care Planning
Posted November 27, 2019

Can Investment Account be Medicaid Protected by Adding Co-Owner?

Question: I have a non-retirement account at Fidelity with my name on it and the beneficiary is the Robinson Crusoe family trust. Can I put my companion, Friday, on the account as well and then [...]

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 Can Wife of Medicaid-Covered Nursing Home Resident Sell Rental Property and Give Proceeds to Children?
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By Harry Margolis
In Long-Term Care Planning
Posted December 14, 2018

Can Wife of Medicaid-Covered Nursing Home Resident Sell Rental Property and Give Proceeds to Children?

Question: My husband has been in a nursing home for two years already. I need to sell 5 rental homes that I cannot manage and don’t want any more. Can I sell them if they are on my name? [...]

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 How Can My Father Protect Family Property from Nursing Home Costs?
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By Harry Margolis
In Asset Protection, Long-Term Care Planning
Posted November 3, 2017

How Can My Father Protect Family Property from Nursing Home Costs?

Question: My parents have a family acreage. My mother is going to be in need of a nursing home soon. My father does not want to have the state liquidate this property; instead, had wished to pass [...]

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By Harry Margolis
In Long-Term Care Planning
Posted November 3, 2017

Are Gold and Silver Coins Considered to be Countable Assets for Medicaid?

Question: My mother is applying for Medicaid for my step-dad. We found several gold and silver coins that he had apparently been collecting and stashing in his closet. Are these considered [...]

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 Asset Limits for Medicaid Coverage of Nursing Home Care
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By Harry Margolis
In Long-Term Care Planning
Posted April 21, 2017

Asset Limits for Medicaid Coverage of Nursing Home Care

While two-thirds of nursing home residents are covered by Medicaid, at root it is a health care program for the poor. The definition of “poor” has become quite complex in the area of nursing home [...]

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This comprehensive guide provides all you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

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(An Amazon Prime Reading selection)

Read Sample Chapters

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