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
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
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
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
Is My Elderly Parent a Shopaholic?
More packages arrive at mom's doorstep, but she insists it's her money. Here are some tips to handle an elderly parent who spends too much money or is a shopaholic.11 Comments