Category archives: Medicaid Planning
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4 years ago
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An annuity can be a useful tool for long-term care planning, but annuities are also complex financial products that are hard to understand. If purchasing an annuity, you need to consider your options carefully.
An annuity is a contract with an insurance company under which the consumer pays t... [read more]
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5 years ago
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With careful Medicaid planning, you may be able to preserve some of your estate for your children or other heirs while meetingĀ Medicaid's low asset limit.
The problem with transferring assets is that you have given them away. You no longer control them, and even a trusted child or other relat... [read more]
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5 years ago
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We're often asked by clients exactly what Medicaid is; and if Medicaid benefits can help them cover the cost of long-term care.
Our answer is that Medicaid is a needs-based public assistance program. People who properly apply and qualify for Medicaid can use these benefits to cover the high cost ... [read more]
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5 years ago
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We're often asked what it means to be an Elder Law Attorney, and if it is the same as being an Estate Planning Attorney. Our answer is that while Estate Planning is an important aspect of Elder Law, an Elder Law Attorney is concerned with much more than only creating Wills and Trusts. As Elder Law A... [read more]
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5 years ago
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As we enjoy Celebrating Christmas and the Holiday season this and next week, our attorneys are seeing a few clients by appointment, but our offices are closed to allow us to spend time with our families and loved ones. With the end of 2018 upon us, and a New Year approaching, we want to take a momen... [read more]
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5 years ago
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One question we are often asked by clients is if giving financial gifts to their family members will affect them adversely if they need to apply for Medicaid to cover the cost of nursing home care. Our response is that while current federal law permits gifts up to $15,000 annually, per individual, w... [read more]
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5 years ago
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As we close our offices for the rest of this week so that we can enjoy celebrating Thanksgiving and a long holiday weekend with our families and loved ones, we want to take a moment to thank you for being clients and friends of our Law Office.
... [read more]
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6 years ago
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If you have it to give, you certainly can, but there may be consequences should you apply for Medicaid long-term care coverage within five years after each gift.
The $15,000 figure is the amount of the current gift tax exclusion (for 2018), meaning that any person who gives away $15,000 or le... [read more]
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6 years ago
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One question our clients frequently ask us is if giving gifts to their family members can affect them adversely if they need to apply for Medicaid to cover the cost of nursing home care. Our response is that while current federal law permits gifts up to $15,000 annually, per individual, without the ... [read more]
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6 years ago
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How much you need for retirement depends a great deal on how long you expect to live. There are now many Web-based calculators that can give you an idea of your life expectancy based on your current age, gender, family health history, smoking and drinking habits, exercise patterns, stress level, and... [read more]
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6 years ago
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A California daughter and granddaughter's fear of losing their home to Medicaid may have contributed to a severe case of elder abuse. If the pair had consulted with an elder law attorney, they might have figured out a way to get their mother the care she needed and also protect their house.
A... [read more]
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6 years ago
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To better serve our clients and their families who live or work in Julington Creek, St. Johns, Fruit Cove, Switzerland, Orangedale, Mandarin, and surrounding areas, we have opened a local office conveniently located in the Julington Creek Business Park at 12627 San Jose Boulevard, Suite 102-A, Jacks... [read more]
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