Protecting Adult Children with Disabilities
Adults with disabilities are living much longer than in the past, which means their aging parents must plan for the day when their dependent children outlive them.
Adults with disabilities are living much longer than in the past, which means their aging parents must plan for the day when their dependent children outlive them.
The Social Security Administration has announced a 1.6 percent increase in benefits in 2020, nearly half of last year’s change. The small rise has advocates
Some of the most impactful work we do involves setting up financial protections for disabled individuals. Part of that process includes exploring federal income benefits,
You can’t have your cake and eat it, too.
The beneficiary is what it sounds like: the person who receives the benefit from a trust. [Read More]
Loyal. Impartial. Reasonable. Careful. That’s what it means to be a Trustee.
A trustee has legal title to assets subject to certain conditions and requirements that are spelled out in the trust document. [Read More]
The grantor is the person who creates a trust. No matter what type of trust you have, the grantor is always in charge because they set the trust’s terms. [Read More]
The trustee manages trust assets, but the grantor is the person who’s really in charge.
Medicaid only cares about your finances on a specific date.
Medicaid only cares about your finances on a specific date.
When you first submit a Medicaid application for nursing facility care (and Elderly Waiver, in Iowa), DHS takes a “snapshot” of your financial status as of the date you first moved into the nursing home. This is called the “snapshot date.” [Read More]
A resource is one of the three important elements in determining Medicaid eligibility.
The third test in the Medicaid application process considers whether the applicant has too many resources. But what is a resource?[Read More]
If you thought the IRS was hard on your income, look at how Medicaid treats it.
The Medicaid definition of “income” comes from federal law and reads as follows: Income is “[a]nything a person receives either in cash or in kind that can be used to meet the person’s basic needs of food, clothing, or shelter.” [Read More]
Nursing homes are incentivized by the state to perpetuate the hoax because the daily nursing home rate paid by the state is lower than the private pay rate. Lawyers who don’t know anything about the Medicaid regulations are telling people they have no options for planning for Medicaid eligibility. How do you overcome misinformation or a lack of information? You get educated. Here are three myths, rooted in the Medicaid Planning Hoax, that are all wet. [Read More]