Irrevocable Funeral Trusts (IFTs), or differently phrased, Irrevocable Funeral Expense Trusts, allow persons to pay for their funeral and burial costs, also known as final expenses, in advance of their death. They are legal agreements that not only allow peace of mind knowing that funeral funds are available when needed, but they are also an invaluable Medicaid planning tool. Essentially, IFTs provide a way for Medicaid applicants to lower their countable assets and meet Medicaid’s asset limit for qualification...
Tag Archives: "medicaid attorney wisconsin"
09 Dec Off
Providing Financial Security for Your Spouse and Children With Medicaid Planning
Long term care has now become one of the most common issues for Americans in retirement. Almost each of us is aware of someone who is presently at a medical care facility or nursing home, yet this is something, which we would personally never want to go through. According to recent studies, approximately 50% of Americans over age 65 will need a nursing home or assisted living facility, at some point in their lives. Long term care costs can...
25 Jun Off
Setting the Facts Straight: Things to Know About Medicaid
Medicaid was started in 1965 to provide health-related services to US residents with low income. The healthcare program is designed to assist people of every age and covers short term as well as long term stay in various healthcare facilities. Medicaid planning lawyer is a necessity for people with limited resources and costly needs for care. 1 In 5 Low-Income US Residents Need Medicaid Medicaid was started in 1965 to provide health-related services to US residents with low income. The...
Result 1 - 3 of 3