Medicaid is a needs-based system that can provide value healthcare benefits to you or your loved one. One of the most valuable benefits is long term care Medicaid, where the government can help cover most, if not all, of your nursing home care costs. But these government benefits are not just handed to anyone. You […]
If you exceed Medicaid’s asset limits, you need to spend down and potentially deplete most of your assets to qualify. If you transfer or give away your assets before applying, you might be penalized and ineligible for benefits. Because of this, satisfying Medicaid’s asset limits requires careful planning and consideration. Read on to learn more about long-term care Medicaid asset limits, including what you can do to protect your assets and still receive benefits.
This article describes long-term care benefits and eligibility requirements for our aging Hoosier veterans.
Gradual Recognition You notice your mom is forgetting things and begin to worry about her health. She recognizes that her memory loss is affecting her life and agrees to see a neurologist. Together, you hear the devastating news that your mom has early-onset Alzheimer’s. She realizes it too. The doctor recommends taking precautions regarding your […]
Grandparents often love to shower their grandchildren with money and expensive gifts. These wonderful heartfelt gifts may cause joy in the moment, but some of them may be costly down the line. Why? State and federal laws penalize some gift-givers for making “uncompensated transfers.” What Are Uncompensated Transfers? Federal law prohibits states from paying long-term […]
The difference between a revocable trust and irrevocable trust can be the difference between losing property and protecting it as a legacy for future generations. Although the revocable/irrevocable trust distinction may seem obvious, this article explains the distinction’s importance for a variety of estate planning goals. Revocable and Irrevocable Trust Examples Imagine two brothers named […]
Most people find news of a loved one’s death emotionally overwhelming. Your stress level may intensify when you discover that the deceased person’s last will and testament (the “Will”) names you as the estate’s executor. As executor, you may be the one person that helps keep all the pieces together as family members deal with […]
You’re interested in supporting tax-exempt charities but don’t want your money used any way they please. Suppose you want a charity to manage donations with your input and under your direction. In that case, a charitable foundation in your home community could help you achieve that goal with a donor-advised endowment fund. A donor-advised endowment […]
The attorneys at Hawkins Elder Law discuss the difference between a living will and a last will and testament.
The attorneys at Hawkins Elder Law provide you with this overview of Medicare and Medicaid in Indiana so that you know which program applies to your situation.