Congress has established a period of ineligibility for Medicaid for those who transfer assets. For transfers made prior to February 8, 2006, state Medicaid officials would look only at transfers made within the 36 months prior to the Medicaid application (or 60 months if the transfer was made to or from certain kinds of trusts). […]
Americans Falling Woefully Short on Retirement Savings
What It Means for You and What You Need to Do About It A new study estimates that more than 90 percent of working-age households in the U.S. are not saving enough for retirement. And about 45 percent have nothing saved. In addition, the National Institute on Retirement Security study found that the median retirement […]
Protecting Your Home Against Medicaid (Part 2)
In Part 2 of Protecting Your Home Against Medicaid, Wes Coulson discusses planning strategies for protecting your home in case you need to go into a nursing home on Medicaid. Protecting Your Home Against Medicaid (Part 2) Transcript: Hi, I’m Wes Coulson and this is your Elder Law Minute. Let’s talk some more about Medicaid and […]
Protecting Your Home Against Medicaid (Part 1)
In this Elder Law Minute, Illinois Elder Law Attorney Wes Coulson explains what the Medicaid exemption means in regards to protecting your home. Protecting Your Home Against Medicaid (Part 1) Transcript: Hi, I’m Wes Coulson and this is your Elder Law Minute. Let’s talk about Medicaid and your home. What a Medicaid Caseworker will tell […]
Caregivers and Benefits Eligibility
There are planning opportunities that allow an elder to pay a family member to be their caregiver at home and establish eligibility for benefits. It is a great option for care, but you need to see an elder law attorney to make sure you’re doing it correctly so it won’t affect the elder’s […]
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