When is Trust Planning Appropriate?

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Clients who are nearing retirement age are bombarded with information about asset protection planning from many sources. Their insurance salesman says one thing. A neighbor warns about the cost of nursing home care and tells a horror story about a family member who lost everything. Friends at the beauty salon share what they’ve done to […]

Community Spouse Resource Allowances for 2017

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The cost of care in a nursing home can devastate the lifetime savings of a married couple. In recognition of this problem Congress passed a law in 1988 which was intended to limit the “spousal impoverishment” that can result when one spouse becomes a nursing home resident. Under this Medicaid law, minimum amounts of financial […]

How to Avoid Medicaid Estate Recovery

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It is an unfortunate reality of aging. If we live long enough most of us will eventually have a chronic condition or illness that limits our ability to do some basic tasks. We may need help with household chores, shopping, money management, medications or transportation. Or we may need assistance with so-called “activities of daily […]