Estate Planning for the Long Term
When making an estate plan, keep in mind that the plan may be implemented and administered well into the future. Of course no one can predict the future and a good estate plan needs to be well thought out while keeping in mind that the plan might not take effect for...Medicaid Planning: Penalty Period
The previous blog post looked at what transfers trigger Medicaid eligibility penalties. In short, any uncompensated or below-market transfer made in the five years prior to applying for Medicaid will cause an applicant to be penalized for future Medicaid eligibility....Medicaid Planning: What Transfers Affect Eligibility?
In addition to looking at an applicant’s current financial status to determine eligibility for Medicaid benefits, the state also looks at transfers of money or property over the past five years. This five year period is sometimes referred to as the “lookback period.”...
