When it comes to Medicaid exempt assets, the guidelines are nearly iron clad. As with most aspects of senior planning, it’s important to know about which assets are counted or exempt so you can prepare in the event you or a spouse require long term care in a nursing ho...

Protecting elderly parent’s assets begins with proper planning. Many families with aging parents are unaware of how venerable their life savings really are. And how are you supposed to know everything… you only age once. In this post, we talk about why your parent’s ha...

Drafting a legacy plan for the last phase of life can help communicate your values to your heirs and lay the foundation for future generation’s financial success. We understand that opening a dialogue with loved ones may be challenging. After many questions from client...

Irrevocable living trust is a powerful tool for families who want to protect property. Especially during the last phase of life, many people express an interest not only in protecting everything they have built but being able to give to heirs without worry of penalty....

Living estate can help keep your home in the family. A living estate, or life estate, has become almost synonymous with elderly planning… and for good reason. Many people do not know how much of their assets are at risk when they receive government assistance. Below, w...

Medicaid surplus rules are difficult to navigate and for good reason. Most people only need to learn about them once. Whether you need to qualify for Medicaid immediately or you are planning for your future, we want to make things easier. This article will help explain...

Picking the best option to protect your legacy starts with understanding the advantages of a living trust vs will. Most people do not enjoy thinking about their death (or possible incapacitation), however, the fact that you are reading this means you understand that it...

Medicaid asset protection has a greater chance of success when you do not wait until last minute. Many aging adults do not understand their options regarding long-term health care (or assistance). Some believe it just will not happen to them and they will not need long...

Transferring assets to qualify for Medicaid is a complicated endeavor. It’s challenging because rules vary state to state, some personal assets are counted while others are excluded, and there is also a ‘look-back’ rule to contend with. Trying to figure out all or the...

How to protect your assets from nursing homes before it’s too late. Unfortunately, most seniors take on the nearly 100% of the cost of long-term care due to poor planning. As we said in other posts, Medicaid does not pay for these expenses unless you are income eligibl...