Understanding Medicaid Asset Protection Trusts: A Guide with Real-Life Examples

Navigating the complexities of Medicaid eligibility can be a daunting task, especially when it involves the protection of your hard-earned assets. One effective tool in this arena is the Medicaid Asset Protection Trust (MAPT). In this blog, we’ll explore what MAPTs are, how they work, and provide real-life examples to illustrate their benefits. What is […]

Why an Elder Law Attorney Is Critical When Planning

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If there is an aging loved one in your life or you have personal concerns about future health and finances, an elder law attorney can be a valuable resource for planning. Elder law is a highly specialized area of law focusing on the legal needs of older adults encompassing more significant issues like long-term health […]

Be Careful With Inheritances and Medicaid

Many mistakes can be made when it comes to inheritances and Medicaid. Those mistakes can be costly. When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled carefully to minimize expensive penalties. What “careful” means, though, can be misunderstood without the necessary expertise. […]

Medicaid Crisis Planning

Medicaid is both a joint state and federal program available to individuals who meet certain asset requirements that help them pay for long-term care (LTC) costs. Long-term care often creates devastating financial impacts on Americans, particularly the elderly, and for those family members who lose hours of income (and more) while providing care for their […]

What is a Statutory Gifts Rider & Why is it Needed?

red present in someone's hand

The Statutory Gifts Rider or SGR, is a modification to a power of attorney that allows the agent to give gifts.  Without the Statutory Gifts Rider the agent under a power of attorney is only allowed to give gifts totaling $500 for the year for personal and family maintenance. The Statutory Gifts Rider may be […]