News & Analysis as of September 25, 2024

Estate Planning › Nursing Homes › Medicaid

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Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the... more +

Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process. less -

ELDER LAW LEGAL UPDATE: Important Changes to Social Security Income, Medicaid Resource and Income Allowances, and Regional Rates...

Falcon Rappaport & Berkman LLP on 3/12/2024

The Elder Law Practice Group at Falcon Rappaport & Berkman would like to share some important Elder Law legal updates with our clients and professional partners that will impact Medicaid eligibility for applicants/recipients...more

Don’t Let the Fear of Losing Your Home to Medicaid Contribute to Elder Abuse

Ruder Ware on 7/2/2020

As we reflect on the close of World Elder Abuse Awareness Month, we wanted to share some information on this important issue. The Centers for Disease Control and Prevention defines elder abuse as an intentional act, or...more

Medicaid Protections for the Healthy Spouse

Chambliss, Bahner & Stophel, P.C. on 2/14/2020

Medicaid law provides special protections for the spouses of Medicaid applicants to make sure the spouses have the minimum support needed to continue to live in the community while their husband or wife is receiving long-term...more

My spouse is on Medicaid, now what?

Ruder Ware on 11/14/2019

It is common for a client whose spouse is receiving Medicaid to lack adequate estate planning to protect those Medicaid benefits in the event the client dies before their spouse. Yet, after all of the time and energy spent to...more

Preplanning for Medicaid Benefits - a Critical Step in Caregiving

Chambliss, Bahner & Stophel, P.C. on 10/8/2019

As if day-to-day caregiving for your parents is not stressful enough, the financial obligations of skilled care will push you to your limits. Consider this your wake-up call for your parents' financial plans and personal...more

Is My IRA Safe From the Nursing Home?

Ruder Ware on 6/13/2019

After working and saving, clients are concerned that unexpected costs will become unplanned for drains on their Retirement Accounts (e.g, 401(k), IRA, Roth IRA, 403(b), etc.). As the need to pay for nursing home care nears,...more

Myth Busters: Dispelling 5 Myths About Medicaids Long-Term Care Coverage

Ruder Ware on 3/13/2019

Did you know that Medicaid is the largest source of funding for nursing home care? Medicaid, often called Medical Assistance or Title 19, has many rules that are confusing, and thus a mystery to many people. Even more of a...more

Will the Nursing Home Take My House?

Ruder Ware on 2/11/2019

When faced with the possibility of paying for nursing home care, many people I meet with are concerned about what will happen to their house. Inevitably, I am asked, “Will the nursing home take my house?” To protect the...more

Three Reasons Why Giving Your House to Your Children Isn't the Best Way to Protect It From Medicaid

Chambliss, Bahner & Stophel, P.C. on 12/15/2017

You may be afraid of losing your home if you have to enter a nursing home and apply for Medicaid. While this fear is well-founded, transferring the home to your children is usually not the best way to protect it....more

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