Contemplating a stay in a nursing home is certainly an unpleasant thought. On top of needing the care, you have the financial concern of having to pay the bill. Unless you have purchased private long-term care insurance, you may be faced with depleting the family’s resources in order to pay the nursing home costs. Once […]

Gifts to Qualify for Medicaid In 2023, the rules adopted by the Deficit Reduction Act of 2005 still apply. Those rules are designed to restrict one’s ability to make gifts in order to qualify for nursing home Medicaid benefits. These new rules apply to any gift made on or after February 8, 2006, and within […]

With inflation picking up, Social Security benefits will jump a whopping 8.7% in 2023. Benefit recipients will see the raise beginning with the checks to be issued the first week of January 2023.  To make matters even better, the Medicare Part B premium that is automatically deducted from your Social Security check will actually decrease […]

SEE THE 2023 UPDATE BELOW Suppose you own a home, have life insurance, own a business or have a substantial retirement account with your employer. Without knowing it, you may need a lawyer. It’s not because you are on the verge of being sued, rather it’s because your net worth may be more than you […]

 If things stayed the same, keeping up with the law would be a breeze. Unfortunately, tax and Medicaid laws seem to change on a daily basis. Over the past year, there have been a number of developments. In this article, I’ll offer some of the highlights. As a result of the 2017 tax package, the […]