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Medicaid Counts Annual Exclusion Gifts

Medicaid is a social program that is designed to pay for an individual’s long-term care when they no longer have any financial savings. Many people will try and work their financial planning so that they do not have to extinguish their money before eligibility kicks in. There is a common misconception that individuals will be … Continue reading “Medicaid Counts Annual Exclusion Gifts”

Can a Person with Dementia Sign a Will?

Dementia is a medical complication that plagues millions of people across the United States. Many of the individuals affected by dementia are senior citizens. However, many of these older individuals have not set up a proper estate plan prior to symptoms occurring. This could mean that there is no direction for the court if a … Continue reading “Can a Person with Dementia Sign a Will?”

Important Court Decisions Regarding Medicaid Planning

There has been an important change in the law that may affect your Medicaid planning. An important part of Medicaid planning is gifting assets from the Medicaid applicant/recipient to other individuals or to a trust. However, we must always be mindful that such transfers will cause a penalty period with regard to nursing home Medicaid … Continue reading “Important Court Decisions Regarding Medicaid Planning”