In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law attorney, discusses what happens when an applicant acquires new assets while their Medicaid application is pending or when it has been approved and Medicaid benefits have been started. ? What if the Applicant Acquires New Assets After a Medicaid Application has Been Filed or […]
Should I Let A Nursing Home Representative Complete My Medicaid Application?
The question of whether or not to let a nursing home representative complete your Medicaid application comes with an answer that depends on a few variables. In certain situations where you have spent down your life savings, you haven’t made any gifts or transfers of assets within the last five years, you aren’t trying to […]
Gifts and the Five-Year Look Back
In this fifth of a six part series on the Medicaid Look-Back Rule and Transfer Penalties, Wes Coulson discusses Gifts and the Five-Year Look Back and answers the question: If you’ve made gifts within five years, do you have to wait out the five years before applying for Medicaid? The answer may surprise you. Gifts […]
Look-Back Rule and Delay in Eligibility
In this fourth of a six part series on the Medicaid Look-Back Rule and Transfer Penalties, Wes Coulson discusses the Look-Back rule and how the delay in eligibility is determined when gifts are made. Look-Back Rule and Delay in Eligibility Transcript: Hi, I’m Wes Coulson and this your elder law minute. This is the fourth in […]
Finally – Some New Year’s Resolutions you can Keep!
Estate Planning and Asset Preservation Planning The problem with most New Year’s resolutions is that they usually end up being just too darn hard to keep. Sure, I definitely want to lose some weight, but gosh, those brownies do look tempting! Sure, I want to spend less time watching sports on TV, but now there’s […]