Home Based Medicaid – A Deceiving Benefit – Part 2 #HomeBasedMedicaid
I told you last week that Jim’s dad was running out of money. Living at home with aides providing him with round the clock care, Jim was thinking that once the cash runs out he can apply for Medicaid under New Jersey’s home based Medicaid program #NewJerseyMedicaid. Jim’s plan
When Protecting Assets Beware of Capital Gains Tax (Part 3)
The last two weeks I have been explaining the danger of ignoring a potential capital gains tax while focusing on the avoidance of estate tax and asset protection from the cost of long term care. Mom wants to protect her $600,000 home from being lost to the cost of
What Happens When You Don’t File for Medicaid When You Should #Medicaid
Shelly called to ask the following questions, “Does my mom have to tell the nursing home where her bank accounts are located?” In order to answer the question, I had to dig a bit deeper to find out what exactly was going on. This is what I learned. Shelly’s dad had
Correcting a Medicaid Mistake from 15 Years Ago (Part 2) #Medicaid, #MondayMorningBlog
Last week I was telling you about Monica’s dilemma. She thought the home she and her husband, Paul bought together with her mom had been retitled to them 15 years ago with Mom retaining a legal right to live there for her life time. But, that’s not what happened.