Elderly Asset Protection Articles
Protecting the Home from Medicaid with a Life Estate
Is your parent paying for nursing home care with Medicaid? Learn how to use a life estate as an advance planning technique to allow families to retain ownership of their most important asset, their home.11 Comments
Top 5 Strategies for Protecting Your Money from Medicaid
Many aging adults must apply for Medicaid in order to afford long-term care. Here are some strategies for preserving some of your wealth while qualifying for financial assistance.20 Comments
Can I hide money from Medicaid, so mom can leave her kids an inheritance?
Hiding assets by not reporting them to Medicaid is illegal and considered fraud against the state. However, there are a number of legal techniques for protecting your parent's assets so that they pass to you.5 Comments
4 Key Things to Know about Trusts and Medicaid Planning
There are many types of trusts that can help protect your assets from Medicaid. Here's a brief overview of the things you need to know when setting up a trust for Medicaid planning purposes.7 Comments
The Top 8 Medicaid Planning Mistakes People Make
Proper Medicaid planning is crucial when it comes time to pay senior care costs. Here are some common mistakes people make when trying to plan for Medicaid.7 Comments
How Joint Bank Accounts and Property Affect Medicaid Eligibility
Jointly held bank accounts, owning property together and other shared assets can affect Medicaid eligibility in a variety of ways.6 Comments
Medicaid Estate Recovery: Long-Term Care Benefits Aren’t Necessarily “Free”
The goal of the Medicaid Estate Recovery Program (MERP) is to recoup all the money that Medicaid spent on a beneficiary’s care. Learn what families can do to minimize the impact of the recovery process.89 Comments
Assets You Can Have to Still Qualify for Medicaid
What assets can you have and still qualify for Medicaid? Can your parents keep their house? Their car? Here are asset limits and guidelines for people who are applying for Medicaid and aren't sure what they qualify for.75 Comments
Entering a Nursing Home: Will Medicaid Exempt Your Parent's House?
Under current Medicaid laws, your home is an exempt resource when determining eligibility, but residence within the home determines its protected status. Learn when an exempt home becomes a countable asset.11 Comments
How can mom protect the proceeds from the sale of her home?
If there is no tax consequence from selling your mom's home, then she can use all of the money for retirement.1 Comment
How can I protect my family’s assets, without disqualifying mom from Medicaid?
Caregivers often want to know how to protect family assets, but ensure their elderly parents still qualify for public assistance benefts such as Medicaid.18 Comments
Mom put her home in a family trust. Do we have to pay capital gains tax once the house sells?
Your liability for capital gains tax depends on the terms of the trust. Now is the time to find out how the trust was written before you decide what to do with the property.0 Comments
Can Medicaid Take Mom's House to Pay the Nursing Home?
Can Medicaid or a nursing home take your house to pay the nursing home costs? Learn the rules and requirements regarding whether or not Medicaid can take a house to pay the nursing home.43 Comments
How to Handle a Shopaholic Senior
When an aging loved one is making excessive and unnecessary purchases—especially ones they cannot afford—it’s time for a family caregiver to step in.11 Comments