10.0Louis P Lepore 10.0Louis P Lepore 10.0Louis P Lepore

Medicaid Planning to save a life time of savings

PLAN OR PAYWhat are your options?The Purpose of this ArticleThe decision to move a family member or loved one into a nursing home is one of the most difficult decisions you can make. The laws are very complex and the decision is very emotional. That emotional time can...

The Value of Using Irrevocable Trusts in Medicaid Planning

If a potential Medicaid recipient desires to qualify for benefits, but yet preserve his or her assets within the family, he or she must gift those assets away. After a 5-year lookback period, the transferred assets are no longer countable for purposes of determining...

The Perils of Outright Distributions and Gifts

“Whatever can go wrong, will go wrong.” Murphy’s Law applies itself with surprising vigor in the estate planning field. If your clients are leaving outright, no-strings-attached inheritances or gifts to their beneficiaries, they are practically inviting disaster. But,...

Medicaid and Trusts

With careful Medicaid planning, you may be able to preserve some of your estate for your children or other heirs while meeting the Medicaid asset limit (in most states, a nursing home resident covered by Medicaid may have no more than $2,000 in “countable”...