Practice Areas

• Medicaid
• Living Trusts
• Estate Administration and Probate
• Asset Protection
• Veterans Benefits
• Special Needs Trust

Blog

Asset Protection

• Free Asset Protection Seminar For Anyone Considering Long Term Care Planning
• Medicaid Compromise in Health Care Bill On the Chopping Block
• Medicaid and Caregiving: Who Are the Ones Taking the Lead?
• Avoid Pitfalls of Medicaid
• How To Describe Pain in a Social Security Disability Case

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News

• Health Care Debate: Long Term Insurance Overhaul...
  Posted on 1/5/2010
• Survey uncovers surprising long-term care myths and facts...
  Posted on 10/29/2009
• Healthcare reform may offer another option for long-term care planning...
  Posted on 10/25/2009
• Will Pennyslvania lawmakers divert Medicaid stimulus money?...
  Posted on 7/29/2009
• Dozens arrested in nationwide Medicare fraud bust...
  Posted on 7/29/2009

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Library

Asset Protection

• What Can Seniors and Their Families To Legally Protect Themselves In These Dire Times?
• Gift tax annual exclusion to remain unchanged in 2010. Contact us to see how this factors into your estate plan
• Gift tax annual exclusion to remain unchanged in 2010. Contact us to see how this factors into your estate plan
• This section of the site is designed to provide you with information about your Medicare eligibility and enrollment.
• Choosing whether a Roth IRA is best for you takes a discussion with a qualified financial advisor. Contact us at (800) 879-0984 to find out your best options for estate planning

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Frequently Asked Questions

Q: Is it illegal to do Medicaid and asset protection planning?

A: It is legal to do Medicaid and asset protection planning.  For example, when we pay income taxes, we pay our fair share but if there is a deduction we are properly entitled to, we will take the deduction. We will pay our fair share of income taxes but not a penny more.  We may even hire an accountant or CPA in hopes of finding additional deductions or to give the problem of preparing the return to someone else.   Medicaid and asset protection planning are similar.  We will pay our fair share of long term care expenses but why pay more than the law requires.  In fact, it may be best to retain competent legal counsel to make sure we are not paying more than required or to simply have help in going through the Medicaid application process.  The strategies we use to protect assets and  potentially reduce taxes, are legal, ethical and clearly disclosed to any Medicaid case worker.  

questions

Asset Protection

• If my loved one is on Medicaid, won't they get substandard care?
  
• I have two children.  Can they be co-agents on my durable power of attorney?
• Can my ailing husband just transfer all of his assets to me so he’ll be eligible for Medicaid?

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