Do you want A PATH or The BEST [...]
Medicaid Planning is one of the most complicated areas of [...]
Rule 1: Don’t Talk to the Medicaid Office. [...]
The intricate maze of Medicaid Planning confuses even [...]
[From Mr. Marsocci’s book The Long Term Care [...]
Many individuals feel like Medicaid is for low-income [...]
I often get asked questions around gifting and [...]
A Revocable Trust does not help protect against a Medicaid spend down. It’s an important distinction. In my practice, we use Revocable Trusts for the avoidance of probate as an estate planning tool, NOT as a long-term-care planning tool.
Now that we are “between” the Holidays, we notice a familiar phenomenon. Our office starts getting a lot more calls than usual in the first few weeks of December than any other time of year about Medicaid Planning. But there is a very good reason for this—it may have been one of the very few times of the year that all of the “out of town” kids are back at the family home; and together they start noticing a few changes in mom or dad.
Did you know that the cost of nursing home care in North Carolina ranges between $5,000 to $10,000 a month? That’s a lot of zeroes. After the sticker shock wears off, it’s time to think about how to plan for long term care – since statistics show the majority of us will need it at some point in our lives. The question is: How to pay for it?