medicaid and assets Archives | Page 3 of 8 | Estate Planning and Elder Law Attorney

Do IRAs and Other Retirement Assets Count in Determining VA and Medicaid Eligibility?

In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law attorney, discusses whether IRAs and other retirement assets are taken into consideration in determining whether somebody meets the asset limit for VA benefits or Medicaid eligibility. ? Do IRAs and Other Retirement Assets Count in Determining VA and Medicaid Eligibility? Transcript: Hi, I’m Wes […]

Is it Too Late for Medicaid Eligibility Planning Once Someone is Already in a Nursing Home?

In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law attorney, debunks the common myth that it is too late to engage in any Medicaid eligibility planning once somebody is already in a nursing home. ? Is it Too Late for Medicaid Eligibility Planning Once Someone is Already in a Nursing Home? Transcript: […]

Alzheimer’s and Nursing Home Care: If You’re Married, You Really Need to Plan

Married couples facing an Alzheimer’s diagnosis should consider planning with a competent Elder Law Attorney as early on as possible for a few reasons. One reason being, people often make the assumption that if you’re married, that automatically gives you the legal right to take care of everything for each other. That’s not the case, […]

Married Couples and Medicaid: Establishing Eligibility is Much Easier and Can Happen Much Sooner than You Probably Think

With the help of a good Elder Law attorney, establishing eligibility for Medicaid for a spouse in a nursing home can occur much sooner and is much easier to accomplish than what you might expect. Within the Medicaid eligibility rules, there are plenty of opportunities for achieving this. Because of the way the income rules work […]

Are Birthday And Holiday Gifts Included In The Medicaid 5-Year Look Back?

If you’ve looked into Medicaid eligibility at all, you are probably aware there is something called a look-back period, which basically says that gifts and other transfers of assets for less than fair-market value that are made within five years before someone applies for Medicaid will cause a transfer penalty, which can cause a delay […]