Category: Financial Eligibility

What is asset protection?

When it comes to nursing homes and Medicaid, you often hear about “asset protection.” It’s a hot topic—who wouldn’t want to protect their assets? But asset protection is complex, and if something goes wrong your finances and your family could be in a lot of trouble. Protecting an asset means...

Your Attorney Should Work With Your Financial Advisor

Are you worried about paying for a nursing home or other long-term care? Then you need the help of two professionals. You need a financial advisor and an elder law attorney—and you need them to work together. Unfortunately, not all lawyers play well with others. You Need a Financial Professional...

Who Can Get Medicaid?

You know that Medicaid can pay for long-term care, and that it’s basically the long-term care insurance policy for the middle class. But the question remains: Can it pay for your care? Are you eligible? Eligibility for Medicaid can be complex. It depends on the sub-program, age, where you reside,...

Some Atypical Medicaid Advice: Be Frugal

An older woman and her daughter came into my office the other day. She was worried about having enough to support herself if her ailing husband ended up in a nursing home on Medicaid. It was a typical concern from a typical client—the kind of thing I deal with every...