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The Medicaid Spend Down Scramble - Part 2 In my blog post last week, I wrote about the rushed process of spending down assets to achieve Medicaid eligibility for one spouse without severely impoverishing the other non-Medicaid “community spouse”.  While maximizing what that spouse can keep - what is known as exempt

In this week’s post, I continue to discuss a common fact pattern we see in our office.  The case involves someone who needs long term care, doesn’t have enough to pay for it but does have a house.  As I explained last week, the available government benefit programs don’t always cover the

In this week’s post, I address a common problem we see often in our office.  An elderly client owns a home but very few other liquid assets.  Income from Social Security and pensions is enough to meet monthly expenses - but then things change.  Long term care becomes necessary.  That’s when the status quo

In last week’s post I explained that when the non-Medicaid spouse dies, the Medicaid spouse must receive at least a minimum amount of assets from the deceased spouse.  This is known as the elective share and in New Jersey is determined to be 1/3 of the deceased spouse’s estate less what