Many studies focus on the experiences of baby boomers – their motivations, how they’ve planned for retirement, and how their large numbers impact healthcare. But as baby boomers continue to get older, it’s been estimated that more than $30 trillion in wealth will be transferred from them to future generations or organizations. So what if …
Are You Ready for the $30 Trillion Wealth Transfer? Read More »
As mentioned in our previous blog post, the Department of Veterans Affairs has formally finalized new rules that establish asset transfer penalties, a three year lookback period, and new asset limits for those individuals applying for VA needs-based benefits. In this blog post, we’ll address those asset transfer penalties and how they interact with the …
What Is the New VA Transfer Penalty for Needs Based Benefits? Read More »
In October of 2018, the Veterans’ Administration released new regulations that makes it far more difficult for applicants to qualify for VA benefits then it did in the past. These rule changes affect several different aspects of VA benefits such as creating new Medicaid-like transfer penalties related to an applicant’s net worth. If you are …
What You Need to Know About Recent Changes in VA Law: Part I Read More »
When it comes to planning for Long Term Care and the possibility of Medicaid, sooner is very much better than later. Unfortunately, far too many families don’t take the time to preplan and find themselves in the complicated situation of having to qualify and apply for Medicaid quickly. This is what we call Medicaid Crisis …
What Qualifies as a Crisis for Medicaid Planning? Read More »
Trying to decide what estate planning strategy to use is difficult. Finding the right estate planning attorney can help to clarify whether or not a Will, Trust, or a combination of both is helpful. When to Use a Will Your Will is a common, basic document that offers guidance on how you want the Probate …
Are you trying to avoid the process of Michigan probate? Most people make this a goal due to concerns over privacy, cost, or the length of time it takes to complete probate and in order to avoid potential conflict and in-fighting after they have passed. Additionally, due to Michigan’s enforcement of Medicaid Estate Recovery, the …
How Long Does it Take to Probate a Michigan Estate? Read More »
Most people come to the offices of a Medicaid planning attorney in crisis mode, because a loved one will soon need to enter or has already entered a nursing home. While some planning can be done at that point in time, it’s far better to complete Medicaid planning in advance so that you have tools …
Asset protection planning is an important aspect of estate planning that must be considered by everyone. Asset protection planning refers to proactive legal steps to protect your assets from divorce, judgments, lawsuits, future creditors or expensive long-term care costs. This involves a series of legal techniques that can be effective at deterring a lawsuit as …
What Are the Basics of Asset Protection Planning? Read More »
VA Needs-Based Benefits Eligibility Has Officially Changed Authored By: Kendra R. Rozboril The Department of Veteran Affairs (VA) has been hinting for some time that the eligibility rules for needs-based benefits must change. VA Estate Planners across the nation have been waiting with bated breath to see how these changes will affect our clients. The …
VA Needs-Based Benefits Eligibility Has Officially Changed Read More »
It is a big sigh of relief, after applying for Medicaid Nursing Home for yourself or a loved one, when the application has been approved. Normally, the process is long and multiple proofs are requested before the application is approved. And the application process, at times, can produce unfavorable results. Most unfavorable results are either …