I’m applying for Medicaid, will my residence be exempt? If you look at the rules online, or even if you talk to a caseworker, you will learn that Medicaid rules state that you can have an exempt residence. That is great news for the many homeowners looking to apply for benefits. They can own their […]
How Can I Protect My Residence From Long-Term Care Costs?
For most people their residence is far and away their single most valuable asset. So, it’s no doubt that one of the most pressing questions we get during Asset Preservation Planning is: “Well, if I am facing nursing home placement, how can I protect my residence from being lost to the cost of my care?” […]
Think Twice Before Deeding Your Residence to Your Children
In this Elder Law Minute, Wes Coulson shares some insights on why deeding your residence to your children may not be the best way to protect your house if you later need nursing home care. Think Twice Before Deeding Your Residence to Your Children Transcript: Hi, I’m Wes Coulson and this is your Elder Law […]
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 […]
