Nursing Home Care
Medicaid – How To Know When To Spend Down and When Not To!
We are asked all the time in our office about the Michigan Medicaid spend down. What is it, anyway? Medicaid eligibility for the nursing home, assisted living, or home care holds basically two major requirements: Medical Eligibility. You must require assistance with a certain number of activities of daily living (cooking, transferring, bathing, toileting, and…
Read MoreCan Life Insurance Affect Your Medicaid Eligibility?
When applying for Medicaid, many people often forget about life insurance. Depending on the type of life insurance and the value of the policy, it may count as an asset that could disqualify you from Medicaid unless you take appropriate action. In order to qualify for Medicaid, you must not have more than $2,000 in…
Read More6 Common Reasons For Seniors To Consider A Power Of Attorney
Powers of Attorney are all about authority. When you sign a Power of Attorney (“POA”), you are authorizing someone else to make decisions for you when you can no longer participate due to age or incapacity. Powers of attorney are not just for elderly, but here are a few reasons aging adults need to set…
Read MoreIt’s Time To Talk To Your Parent About Aging
There is one certainty in life that none of us can escape: we will all die someday. The hope is this will occur when we’re old, slipping peacefully away in our sleep, but inevitably, it is guaranteed to happen to each of us. Unfortunately, too many of us pass away without leaving a proper plan…
Read MorePreserve Your Family Wealth With Proper Medicaid Planning
Preserve Your Family Wealth With Proper Medicaid Planning: 5 Important Things to Consider As retirement approaches, many people shift from a focus of making more money to preserving the assets and resources they have built up over their working years. The shift from growth mode to protection mode is common and should be taken seriously.…
Read MoreHow Gifts Can Affect Your Medicaid Eligibility
We have all heard the phrase “it is better to give than to receive.” This is absolutely true, but if you think you might someday want or need to apply for Medicaid long-term care benefits, you need to be careful. You may be surprised to know that giving away money or property of any kind…
Read MoreThe Real Cost To Your Family When You Don’t Plan For Incapacity
When you hear the words estate planning, you may automatically think about establishing documents to ensure the right people inherit your stuff when you die. And you are not wrong- putting a proper plan in place to protect and pass on your wealth and other assets is a fundamental part of the planning equation. But…
Read MoreTough Conversations
While sitting across the dining room table from my dad, it struck me how frail he looked. Equally startling was I wasn’t sure when it had happened. Had I been that preoccupied? Sure, my life was busy, but had I been that distracted? I felt overwhelming guilt. I laid in bed that night and realized…
Read MoreMedicaid Planning, Part 2 of 3: Crisis Planning
Medicaid Crisis Planning – what is it and what are the rules?
Read MoreAverage Costs of Elder Care on the Rise
Long-term care costs continue to rise. Planning ahead has never been more important.
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