Tag Archives: Macrina G. Hjerpe

Medicaid protections for your home

People that come to my office are sometimes afraid. Often, they or their spouse (or both) are elderly and afraid they will lose their largest asset, their home, to the cost of a nursing home. Especially when an individual is married and one spouse continues to live in the home, there is no cause for

Have assets? Want Medicaid? Read this

What you need to know about Medicaid’s asset transfer rules To qualify for Medicaid, you cannot have recently gifted assets. Congress does not want you to move into a nursing home on Monday, give all your money to your children (or whomever) on Tuesday, and qualify for Medicaid on Wednesday. As a result, Congress has

Think (and consult) before you gift

Many people consider gifting assets to children and grandchildren to reduce estate tax and protect assets from the cost of long term care.  Gifting assets is a significant decision because through the gift, you relinquish control of the assets. For this and other reasons, before you gift consider the following: •     Your Needs. Will

Navigating long-term veterans care benefits

Long-term care costs can add up quickly. For veterans and the surviving spouses of veterans who need in-home care or are in a nursing home, help may be available. The Veterans Administration (VA) has a pension benefit called Aid and Attendance that provides money to those who need assistance performing everyday tasks. Even veterans whose

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