by Andrew Sykes | Jul 5, 2015 | Elder Law - General, Medicaid Planning, Related - Medicaid Planning, Related - MPlanning for Individuals
Imagine that your husband recently suffered a stroke. After a stay in the hospital, he now resides in a nursing home. His doctor tells you your husband will not likely improve and will need to stay at the home indefinitely. You worry how you will pay for care at...
by Andrew Sykes | Jun 16, 2015 | Related - MPlanning for Individuals, Trusts
Many asset protection plans we prepare for clients provide future financial security; that is, the client has no immediate financial threat, but one or more could arise in a few years. Undue influence from family or strangers, nursing home spend-down, or possible...
by Andrew Sykes | Mar 20, 2015 | Elder Law - General, Medicaid Planning, Related - MPlanning for Individuals
Quick answer: when all (or almost all) of your assets are spent down and you’re qualified for Medicaid benefits. Until that time, there are usually opportunities for some savings. Most people are aware that Medicaid provides benefits for long term stays in skilled...