810.985.4320

Divestment Penalties

Posted on 06/27/2010

As we have discussed in prior columns (6/13/10 and 6/20/10), you have to spend down your excess assets before Medicaid will pay for your nursing home expenses. In order to spend down excess assets and qualify for Medicaid, I often …

Read More

Medicaid and Your Home

Posted on 06/20/2010

You or your spouse is in a nursing home. You have spent down your assets on nursing home care except for your home. Will you be able to keep your home? The answer is a qualified, maybe. There are certain …

Read More

Medicaid and Nursing Home Spend Down

Posted on 06/13/2010

You have probably heard that you have to spend down all of your assets on nursing home costs to a mere $2,000 before Medicaid will pay for your nursing home care. Often what you are not told is those assets …

Read More

Titling of Assets

Posted on 06/06/2010

So you have your trust based estate plan. In addition to your trust, your trust based estate plan should also include, at a minimum, your financial and healthcare powers of attorney and your pour-over will. Your financial and healthcare powers …

Read More

No Results Yet!

Legend:

0-15 Level of risk is low.

You have done a very good job of protecting your estate.

16-30 Level of risk is moderate.

You have done a pretty good job of protecting your estate.

31-45 Level of risk in the "dangerous" area.

  • Examine areas where you are weak.
  • Seek advice from competent professionals that you trust.

46+ Level of risk is "severe".

  • Immediately begin a comprehensive examination of your estate planning needs.
  • Develop a step-by-step plan to plan for your disability and to protect your estate.
  • Seek advice from competent professionals that you trust.

Disclaimer

This website is not designed for do-it-yourselfers. The ideas presented herein are for discussion and educational purposes only. The information presented is the opinion of the authors only and DOES NOT create any attorney/client relationship and is not to be relied upon for any specific person or situation. For specific information regarding your needs, concerns, and plan, you must consult with your tax advisor, financial planner and estate planning attorney to discuss your situation and obtain advice.

You should not attempt to implement any of the techniques or ideas presented without competent advice. You would not want to do your own brain surgery, why would you want to do your own estate plan? Check with a qualified Attorney or other professional adviser before you attempt to implement these or any other estate planning techniques. It usually costs more to fix an estate planning problem than it would have cost to do it properly in the first place.

Legal and tax issues frequently change, therefore some material may be affected by changes in the laws regarding wills, trusts, taxes, and other issues, or new interpretations of the law since preparing this material. For that reason, the accuracy and completeness of information and the opinions expressed are not guaranteed. The information in this website may be reproduced, mechanically or electronically, in whole or in part so long as the firm information and copyright data are included in such reproduction.