You brought home your brand new trust. It sure looks great. It may be in a shiny new binder with tabs and everything. But how do you know your trust is going to work? And you got your trust at …
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Medicaid and Nursing Home Spend Down
You have probably heard many things about nursing home Medicaid qualification. For example, you may have heard that if you are single, you have to spend down all of your assets on nursing home costs to a mere $2,000 before …
Medicaid Estate Recovery in Michigan – One Year Later
It’s now been a year since Michigan has implemented its Medicaid estate recovery statute, which became effective July 1, 2011. Under the statute, if you have received Medicaid benefits during your lifetime, the state could seek reimbursement of those benefit …
Spouse in a Nursing Home
Your spouse is in a nursing home. You are paying out $6,000 or more per month for his or her care. You have been told that you can only keep ½ of your combined assets and have to spend down …
Medicaid Eligibility-Top 8 Mistakes
You or a loved one is in the nursing home. You have been told that you have to spend down all of your assets to $2,000 before you can apply for Medicaid to pay for the nursing home care. The …
Medicaid Estate Recovery in Michigan – A Four Month Report
For a long time, Michigan was one of the few states that had no Medicaid lien laws or Medicaid estate recovery. In 2007, after a long and arduous journey, Michigan’s estate recovery statute was finally passed by our legislature and …
Unraveling the Mysteries of Annuities
You may have invested some or all of your nest egg in annuities. Annuities can be useful tools as part of a diversified investment portfolio. However, if you put all of your investable assets in annuities, this is putting all …
Medicaid Estate Recovery Alive and Well in Michigan v2
For a long time, Michigan was one of the few states that had no Medicaid lien laws or Medicaid estate recovery. And for about the last five years, Michigan was the only state in the union that had not implemented …
Final Wishes
If you are like most people, you probably have some specific wishes regarding your funeral and the disposition of your remains. You may want to be buried in a coffin with a burial vault in the ground. Or you may …
Half a Loaf is Better than None
Last week, we discussed your options when you are married and only one of you is in a nursing home. Medicaid rules are very different when you are both in a nursing home or you are single and in a …