Question: Spouse is in nursing home on Medicaid. Well spouse is allowed to keep their home. Is the well spouse allowed to sell the home and rent in a cheaper neighborhood or purchase a condo or [...]
Question: I am trustee for two trusts with my brother as beneficiary. The trusts require that I distribute 3% of the combined trusts’ value each year with discretion to distribute more. He [...]
Question: I recently was added to a relative’s mutual fund account as a co-owner. If I were to file for bankruptcy and lost the account, could Medicaid seek a penalty against these funds if [...]
Question: My mother is wheelchair bound, has some dementia and is on oxygen. My father just passed away and was her caregiver. We want to move her to an assisted living facility but she refuses. [...]
As I sometimes explain to clients, in terms of Medicaid paying for long-term care, if they don’t get you coming, they get you going. This is because, with certain limitations, Medicaid has [...]
Testamentary trusts can provide a way to have your cake and eat it too. Most planning to be eligible for Medicaid to pay for your long-term care involves a trade off, putting assets out of your [...]
The basic Medicaid rule for nursing home residents is that they must pay all of their income, minus certain deductions, to the nursing home. Medicaid pays nursing home costs that exceed the [...]
