Medicaid Whoopsies vol. 1

Medicaid Whoopsies, Follow The Plan

Medicaid Planning When it comes to Medicaid Planning, there are tons of loopholes that can help a family preserve a lot of assets and have a loved one still qualify for nursing home Medicaid. On the other hand, this also means there are a lot of opportunities for people to “go rogue” and make mistakes […]

The Advanced Institute is Back

My Presentation Was On Medicaid Planning. The Estate Planning Source, an organization I have been affiliated with for many years, has undergone some challenges lately in addition to the COVID issues facing every other business. With the purchase of the business finalized in May by long-time employee Bobbie Setser, the organization is holding its first […]

Three Sneaky Ways The Government Makes Itself Your Beneficiary

Government-Programs-Three-Sneaky-Ways-the-Government-Makes-Itself-Your-Beneficiary

Government Programs When it comes to special government programs, what on the surface appears to be a good deal may not really be to your advantage or especially to your estate beneficiaries. Unfortunately, chances are that you are already invested in once these “deals.” That is unless you know all of the rules and you […]

The High Cost of a “Free” Medicaid Plan

Free Medicaid Plan

There are so many myths, folk remedies, and outright falsehoods surrounding Medicaid qualification for nursing home care that it becomes impossible to list them all. Unfortunately, it becomes easy for people to look online for the simple answers they want to hear rather than  researching and understanding a much more complicated truth. And going to […]

Government Long Term Care Insurance?

Long Term Care Insurance

Do I need long term care insurance? The cost of long term care is ever-rising. For 2021, The Genworth Annual Cost of Care Survey pinned the national average cost of a private room in a skilled nursing facility at $9,034. Even worse, the same study projects the same room and care will average $12,141 ten […]

Medicaid DOES Care if you Gift $16,000

Medicaid Gifting

[Below is a reprint of a previously published article, but the situation keeps coming up, especially when it comes to Medicaid qualification for seniors. While gifting can be part of an overall Medicaid Planning strategy, there are specific consequences that need to be planned and timed properly. There is NOT a free $16,000 a year […]

On-Demand Webinars Start With Special Needs Planning

In an ongoing effort to provide quality information on estate and Medicaid planning topics, our office has been conducting live webinars for the last two months. In order to keep this information constantly available, we are turning some of these webinars into free sessions that can be registered for and viewed on-demand. Last month’s live […]

The Clever Attorney

Special Needs Planning - The Clever Attorney

Sometimes, an attorney knowing a lot and then showing it off in the plans they create is not a good thing. Years ago, I had an uncle/trustee bring in his nephew with special needs to review the advice he was getting from the attorney who created an estate plan for his sister and brother-in-law. They […]