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The Ten Medicaid Planning Myths You Need to Know

10 Medicaid Planning Myths with Jeffrey Marsocci on the photo

Medicaid Planning can be much more complex than Estate Planning, and that’s because the government is paying out money rather than simply regulating a process. The hopeful truth in a horrible process is that our country is not going to simply let our seniors go without the care they need, but the government will make […]

Can You Use Out of State Protective Trusts?

Protective Trusts - Can you use out of state protective trusts

Protective Trusts There is an extremely effective asset protection trust where you can place your assets into a trust, be the beneficiary of that trust, and secure those assets from divorce, lawsuits, and creditors. Unfortunately, it is not available in most states, including North Carolina. Those states do not allow you to set up a […]

The High Cost of a “Free” Medicaid Plan

Free Medicaid Plan - The high cost

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. […]

The Snapshot Date in Medicaid Planning

The Snapshot Date in Medicaid Planning

The Medicaid Date The snapshot date in Medicaid planning is simply the date that the person entered the nursing home, and therefore is “locked in” to how their assets were arranged at that time. More specifically, it is the first day of the first month in which the person enters the nursing home and is […]

The Medicaid Squeeze Can Be Reversed

Reversing the Medicaid Squeeze

The Medicaid Squeeze The intricate maze of Medicaid Planning confuses even seasoned professionals if they don’t focus on this type of planning in their daily practice, and it’s easy to find differing opinions. Accountants cringe when told to liquidate an IRA because they’re used to minimizing taxes. Bankers gasp when told to liquidate or just […]

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 […]

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