College and Long Term Care – ??? (Part 2) #LongTermCare
           Last week I was talking about an increasing trend that we are seeing in cases that come through our office- grandparents who are paying for college, daycare and camp expenses for their grandchildren. I told you that there is a danger for some who could be headed for financial
College and Long Term Care – ??? #LongTermCare
           I was reading the most recent Consumer Reports magazine cover story on the cost of college and how it is impoverishing young people who are borrowing huge amounts to pay exorbitant tuition bills and graduating with debt into six figures that they can’t pay on the salaries they are
Medicaid Estate Recovery – The Facts (Part 2) #MedicaidEstateRecovery
           Last week I was telling you about a common topic of confusion when it comes to Medicaid – the potential for estate recovery – that process by which the State attempts to recoup money from the estates of Medicaid recipients to offset the amount of Medicaid benefits it paid
Medicaid Estate Recovery – The Facts (Part 1) #MedicaidEstateRecovery
           I got a call the other day from the son of a client. We had obtained Medicaid for his father, preserving the home and just under $120,000 under Medicaid’s Community Spouse Resource Allowance (CSRA) for his mother. He called to tell us that Dad just died but he also
When Protecting Assets Beware of Capital Gains Tax (Part 3)
           The last two weeks I have been explaining the danger of ignoring a potential capital gains tax while focusing on the avoidance of estate tax and asset protection from the cost of long term care.            Mom wants to protect her $600,000 home from being lost to the cost of
When Protecting Assets Beware of Capital Gains Tax (Part 2)
            Last week I told you that when protecting assets from the cost of long term care or from an estate tax when you pass away, there is another tax – capital gains tax – to be aware of and I explained how the tax is calculated. This week let’s
When Protecting Assets Beware of Capital Gains
        When we get calls with questions about how to protect assets from being spent towards long term care #longtermcareplan or how to protect an estate by minimizing or eliminating an estate tax the focus is limited to the value of the asset. In the case of asset protection a typical
Origins of Memorial Day
           At some point in time, Memorial Day has become a holiday that signifies the unofficial beginning of summer. Of course, it is a much more important day than that. It is a time to honor those who fought and died in the service of the United States of America.           Â
Can Family Pay for Private Room When Loved One is Receiving Medicaid? #Medicaid
           It’s a question that I’ve been asked numerous times over the years. It’s also one that has caused a lot of confusion. I’ve spoken with some nursing homes who have told me their belief that it violates Medicaid rules. That is incorrect.            Here’s the scenario. Mom receives Medicaid, which
A Most Unusual Support System
           A recent story that made the news and spread quickly via the Internet reminds us of the importance of having a support system in place because you just never know when you might need it.            In this case it came from a very unlikely source. A Domino’s Pizza shop