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Today we are going to look at another success story from one of my clients. They are a very nice couple out in west Texas. A wife entered a nursing home and her husband was concerned. How would he get her the care she needed without going broke?Everyone knows you must lose everything before you…
This post is for you if you are interested in how an unmarried person can achieve asset protection from nursing home costs. In this case I protected over $99,000.
One of the best steps you can take to help your parent achieve their nursing home Medicaid asset protection goals is to start protecting assets early. The reason is simple. Once you let another month go by without creating Medicaid eligibility you create another month’s worth of nursing home bills. That extra month’s bill is…
All of the assets a Medicaid applicant and their spouse own come in to the Texas nursing home Medicaid eligibility process. What will happen and what can happen to those assets depends on some specific calculations and the facts involved in your case. However, one rule of thumb I recommend people keep in mind when…
I previously discussed the Medicaid requirements you have to meet if your goal is to exclude a life insurance settlement contract from the nursing home Medicaid asset test. If you complete that step, the next critical step is that you have to put the proceeds from the life settlement contract into the right kind of…