Category Archives: "Medicaid Planning"

The Significance of Medicaid Planning For the Elderly
While Medicare helps with much of one's healthcare costs, it doesn’t cover everything.  A vast number of elderly rely on Medicaid in order to cover those extra healthcare costs during their retirement years.  A major exclusion from Medicare coverage is long-term care, such as a nursing home.  Medicare does not cover all room and board costs. This comes as a surprise for many, not in the industry and can lead to depletion of their retirement nest egg.  Navigating different...

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How can an Elder Law Attorney assist in Medicaid Planning?
We work our entire life to experience life and at the same time save for our retirement and beyond. What happens when we realize we may outlive those assets?  It is time to plan for housing and care in the context of Medicaid Law.  I work alongside a Life Care Planning agency to plan for best care and lifestyle and help you understand how to use your assets wisely and how to apply for available benefits without becoming impoverished. Who...

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Irrevocable Trust in Medicaid Planning
The Importance of Using an Irrevocable Trust in Medicaid Planning
People often wonder about the importance of utilizing an Irrevocable Trust in Medicaid Planning. Undoubtedly, the gifting of assets can be done outright. So, why confuse things with a trust? The answer is that the gift transaction costs are only a portion of what needs to be considered. Many significant advantages that can result from gifting in trust are forfeited by the outright gifting. These advantages show the importance in utilizing Irrevocable Trusts in Medicaid and asset protection planning. The...

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