Medicaid and Medicare Planning

Gift Tax and Medicaid

Gift Tax and Medicaid

A common misconception is that you can utilize the IRS’s gift tax exclusion allowing gifts up to $15,000 per year, per person without invoking Medicaid’s transfer penalty period. This simply is not true. The $15,000 per person per year is an annual gift tax exclusion...

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Understanding Pooled Trusts

Understanding Pooled Trusts

In the modern world, humans are living longer than ever before. Generally, this is a very good thing. It means more time spent with loved ones and enjoying all the wonderful experiences life has to offer. However, age-related deterioration is a growing concern, and...

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New York “Spousal Refusal” and Medicaid

New York “Spousal Refusal” and Medicaid

Medicaid is a means tested program requiring that the applicant meet certain income and resource levels.  Medicaid will look at the applicant’s resources and income, as well as any legally responsible relative’s resources and income,  when considering Medicaid eligibility.  Legally responsible relatives include spouses and parents or step parents of children under…

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What Happens to My House When I Apply for Medicaid?

What Happens to My House When I Apply for Medicaid?

Making a decision to use Medicaid to pay for the costs of long term care whether at home or at a nursing home can be difficult if you don’t know whether or not Medicaid can take your home.  There is an abundance of information out there, but sometimes it is hard to...

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