13 01, 2020

Feds Release 2020 Guidelines Used to Protect the Spouses of Medicaid Applicants

2020-01-13T12:01:28-05:00January 13th, 2020|

The Centers for Medicare & Medicaid Services (CMS) has released the 2020 federal guidelines for how much money the spouses of institutionalized Medicaid recipients may keep, as well as related Medicaid figures. In 2020, the spouse of a Medicaid recipient [...]

10 12, 2019

Special Ownership for Married Couples: Tenancy by the Entirety

2019-12-10T13:27:17-05:00December 10th, 2019|

Married couples have a special way to jointly own property in some states that has advantages over regular joint ownership. If you are married and own property jointly, you should make sure you have the right form of ownership. Joint [...]

25 11, 2019

Three Reasons Why Joint Accounts May Be a Poor Estate Plan

2019-11-26T08:29:50-05:00November 25th, 2019|

Many people, especially seniors, see joint ownership as an easy way to avoid probate and plan for incapacity, but there are major drawbacks to joint accounts. When people own property as joint tenants each person has an equal ownership interest [...]

14 11, 2019

Medicaid’s Power to Recoup Benefits Paid: Estate Recovery and Liens

2019-11-14T13:21:17-05:00November 14th, 2019|

Federal law requires the state to attempt to recover the long-term care benefits from a Medicaid recipient's estate after the recipient's death. If steps aren't taken to protect the Medicaid recipient's house, it may need to be sold to settle the claim. [...]