by Randy Coleman | Apr 1, 2012 | Disability Planning, Elder Care, Elder Law, Estate Planning, Long Term Care, Medicaid Planning, Medicaid Qualified Irrevocable Income Only Trust, Nursing Homes |
In Florida, if you are already in a nursing home, it may be too late to “give away” your assets and still qualify for Medicaid benefits for nursing home care, but that doesn’t mean that you can’t protect most of your assets and still qualify...
by Randy Coleman | Mar 28, 2012 | Elder Care, Elder Law, Long Term Care, Medicaid Planning, Medicaid Qualified Irrevocable Income Only Trust, Nursing Homes, Qualified Income Trust |
In Florida, which is an “income cap” state, eligibility for Medicaid benefits is barred if the nursing home resident’s gross income from all sources exceeds $2,094 a month (for 2012). However, if the excess income above this amount is paid into a...
by Randy Coleman | Mar 25, 2012 | Elder Care, Elder Law, Long Term Care, Medicaid Planning, Medicaid Qualified Irrevocable Income Only Trust, Nursing Homes, Qualified Income Trust |
If your spouse is required to enter a skilled nursing facility it is not necessary for you to “give away” all of your assets to protect your assets from the cost of your spouse’s nursing home care. Assuming that you and your spouse do not have...
by Randy Coleman | May 8, 2011 | Elder Care, Medicaid Planning, Medicaid Qualified Irrevocable Income Only Trust, Nursing Homes, Personal Care Contracts |
The Florida legislature passed a fairly massive overhaul of the Medicaid law in Florida last Friday just before adjourning this year’s legislative session. The Florida Senate President called it “a momentous moment and the most comprehensive reform...
by Randy Coleman | Mar 28, 2011 | Asset Protection, Elder Care, Estate Planning, Medicaid Planning, Medicaid Qualified Irrevocable Income Only Trust, Nursing Homes, Personal Care Contracts, Qualified Income Trust |
Both chambers of the Florida Legislature are considering legislation that would make it more difficult for Florida families to secure Medicaid benefits for long-term nursing care for their elder members. Florida Senate Bill 1356, and its companion House Bill 1289, if...
