Planning for long-term care is a crucial but often overlooked part of estate planning. Determining who will care for you and how that care will be paid for can be an uncomfortable conversation, yet it ...
An individual can protect their assets from Medicaid, including their home, by placing them into a trust. Essentially, the assets become owned by the trust and not by the individual. This mechanism ...
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Can a Nursing Home Take Your Assets? What You Need to Know
Nursing home stays and long-term care can cost well over $100,000 per year. To pay for it, families often have to liquidate ...
Since Maggie is in her 60s and still working, it’s unlikely she would meet the requirements for undue hardship if the state ...
Dear Mr. Premack: If a marital property agreement exists and finances have not been co-mingled, can the assets of one spouse be considered when the other spouse needs to apply for Medicaid assistance ...
Jenn Ochs lobbies against Medicaid cuts in Washington, D.C. for the 2025 Disability Policy Seminar. Courtesy: Jenn Ochs Anyone who benefits from Medicaid is restricted by asset limits. To receive ...
The mounting cost of long-term care in a nursing home can be financially devasting. Medicaid can help defray the costs of long-term care. Medicaid is a means-based program that has both income and ...
Medicaid, a federal program administered at the state level, is designed to provide essential healthcare coverage and is a lifeline for countless individuals and families across the nation. But what ...
South Carolina Medicaid allows "up to $1,500 per spouse in burial funds and the cash value of life insurance policies up to a combined face value of $10,000." I own one policy with $4,500 face value ...
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