In another article, I look at the benefits of a power of attorney. After all, it’s an easy way to give someone else (your “Agent”) the power to act on your behalf in the event you become disabled. In the second article, however, I was careful to warn of the problems that arise if you […]

On November 29, 2006, Governor Rendell signed a new law dealing with Living Wills and Health Care Powers of Attorney that becomes effective January 29, 2007. The law was a long time in the making as various groups have been working on these issues for the past ten years. While the part of the new […]

In articles on spousal asset protections and income protections and another article on medicaid gifts we looked at the public assistance program known as Medicaid that provides benefits for the costs of long-term health care. Medicaid is the federal program administered by the states which provides medical benefits to those with limited assets. If your […]

Medicaid is the federally funded program that pays medical expenses for the poor and nursing home costs for many of the elderly. There have always been asset and income limits designed to make the program available only to those who are truly poor. However, through proper planning many have successfully gifted assets in order to […]

Gifts to Qualify for Medicaid As a result of the Deficit Reduction Act of 2005 (signed by Former President Bush on February 8, 2006) there are new rules 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 […]