Sick or Disabled Parents?
13 Misconceptions About Nursing Homes And Your Assets
Knowing the truth about the following misconceptions could be highly beneficial and educating on your or your family member’s situation… Misconception No. 1: “If I Put My Assets In Joint Names With My Children, The Assets Will Be Exempt For Nursing Home Purposes.” The Truth: You are considered the owner of any assets that you…Read More
6 Steps To Protecting Your Assets From Nursing Home Care Costs
This is a must read if you or a loved one is worried about nursing home care costs and the government… STEP 1: Give Monetary Gifts To Your Loved Ones Before You Get Sick Of course, there’s no way to know with certainty if or when you will need nursing home care, but giving gifts…Read More
Living Trusts Today Don’t Usually Protect Your Assets From Nursing Home Costs
Most trusts, even irrevocable ones, no longer work to qualify an individual for Medicaid… Individuals who have assets in excess of the allowable Medicaid limits have limited options today when it comes to qualifying for Medicaid. This most often comes up when older folks are trying to qualify for nursing home or other long-term coverage,…Read More