With the Medicaid look-back rule in mind, one thing to pay attention to is any transfer of assets you may have done within the last five-year period. But, what exactly is a transfer of assets? In this Elder Law Minute video, part of the Medicaid Application Process series, Wes Coulson, Illinois and Missouri Elder Law attorney, […]
Common Estate Planning Mistake #11: Failing to plan for your lifetime incapacity
When we think of Estate Planning, we often think of the documents we put in place for when we die. However, that isn’t always the complete story. Sometimes, people suffer illnesses prior to their death that may leave them incapacitated. One of the big common estate planning mistakes is failing to plan for your lifetime […]
What if the VA enacts a Look-Back Rule and Transfer Penalty?
Perhaps you’ve heard that the VA has proposed rules that would impose a three-year look-back period on transfers, similar to what Medicaid has, that could delay eligibility for VA pension benefits. These benefits could be used to help pay for long-term care, so, what would happen if the VA enacts those rules? In this Elder […]
Medicaid Supporting Documents: The application is just the start
The supporting documents for your Medicaid application require just as much attention as the application,itself. Not knowing exactly what to include or how to give accurate explanations could result in a delay in Medicaid eligibility or even a denial of the whole application. In this Elder Law Minute video, part of the Medicaid Application Process series, […]
What does the Medicaid application cover and ask for?
What the Medicaid application covers varies from state to state. For example, the application is shorter in Missouri than it is in Illinois. However, there are some questions you can expect to find on both applications. In this Elder Law Minute video, part of the Medicaid Application Process series, Wes Coulson, Illinois and Missouri Elder Law attorney, discusses […]
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