As the population continues to age and we see the next generation of seniors coming through our office there are differences in the profile of an aging senior today vs. what we saw 15 or 20 years ago. One change is in the amount of retirement assets that we
Last week I was telling you about Mary who received a personal injury settlement while on Medicaid. Because she is over age 65 she can’t protect the money by placing it in a special needs trust #SpecialNeedsTrust for her own benefit. What other option does she have? What we examine
A personal injury attorney called me recently for assistance. Melissa had settled a claim for damages resulting from the negligence of a nursing facility in which her client, Mary had been living. Mary’s net settlement after paying her legal fees and the costs of the lawsuit is approximately $100,000.
Last week I was telling you about the problem 529 plans pose for Medicaid. Maria called me to handle her dad, George’s Medicaid application. George had set up 529 plans for Maria’s daughters. Are those accounts countable assets subject to Medicaid’s spend down rules? Last week I explained that