Most who are familiar with Medicaid planning have a similar story. One that speaks of family members and loved ones spending all their money on nursing home and medical costs until they’re broke. Only then, after all the money is gone, do the loved ones get assistance from Medicaid. And even then, only if they …
For anyone that has discussed the five-year lookback regarding Medicaid has heard many stories about what this means. Typically, there are pieces of truth and misinformation within those stories. So, what really is the five-year lookback, and what does that mean for Medicaid planning? The basic definition of the “five-year lookback” is that Medicaid wants …
One of the most important things you can do for your own future is to hire an experienced Medicaid planner to help you look ahead. While you might have had a family experience with Medicaid and getting a loved one qualified, each state has their own recognized rules that must be followed. Medicaid planning can …
The estate planning process should not be separated from retirement planning or long term care planning. These three issues often impact us all together, and neglecting any one of them could cause problems in the future. Long term care refers to many different services that are designed to help someone with the activities of daily …
Why Does the Cost of Michigan Nursing Home Care Matter for Your Planning? Read More »