To qualify for Medicaid help paying nursing home bills, you cannot simply transfer your assets and move into a nursing home. But the rules allow you to protect assets if you know your way around Medicaid penalty calculations in Texas. The government has a legitimate reason for delaying benefit payments. When a person has assets and gives […]
When an attorney says he or she “practices elder law” find out what types of matters the attorney normally handles. The key to finding the right lawyer for you is simple: engage an attorney who routinely addresses the types of problems that concern you. Just as most doctors are not skilled in every facet of […]
Recently, I’ve noticed a few clients preferring to prepare an estate plan without informing their adult children. They have the desire to plan for the distribution of their estate after their death and to make sure someone they trust has the authority to make important health and financial decisions when an illness or disability prevents […]
Most people are not aware of gifts exempt from Medicaid penalty. The common belief is Medicaid rules prohibit making gifts when a family member needs nursing home care. Medicaid gifting rules actually encourages certain transfers. Misunderstanding these rules can financially devastate your family. The annual costs of nursing home care in the Texas metropolitan areas […]
