Are You Struggling To Figure Out How To Pay For Long Term Care For A Loved One In A Nursing Home?
We often think that Alabama Medicaid is the only way to pay for nursing home for our spouse or parent.
However, Medicaid is simply one solution among a number of solutions.
To properly determine how to pay for nursing home care, we have to look at the risk and then all of the options before we can adopt a … (Read more)
Why Would I Ever Move Assets Into A Trust If I’m Healthy Now?
This is a legitimate question we’ve been asked.
There are three main reasons:
- Qualify for VA Pension (Aid and Attendance) benefits down the road and/or Alabama Medicaid benefits down the road;
- To preserve the family assets from being consumed by nursing home care; and
- To preserve the family assets in a secure and proper trust that protects from creditors, divorce, lawsuits, etc.
Let’s look at each one … (Read more)
Alzheimer’s of Central Alabama Website and Resources
A wonderful resource for any family dealing with Alzheimer’s disease is “Alzheimer’s of Central Alabama” and we recommend that you become familiar with this site. Check out the entire site but specifically these two resources:
First, the monthly newsletters provide a wealth of information that can help you.
Second, the Alzheimer’s caregiver support groups listing provides many options to meet with others who are dealing with similar issues to you. We will be … (Read more)
If My Parent Needs VA Aid & Attendance Benefits Why Would I Not Give Away His Assets to Qualify?
A common strategy to help a veteran qualify for Aid & Attendance (VA Special Pension) is to give away assets because the VA rules have no “penalty” period or “look back” period which is different than Alabama Medicaid which has a 5 year look back for any gifts and penalizes families harshly for any such gifts. (This may … (Read more)
“Why Does Alabama Medicaid Punish You For Making Gifts — It’s None Of Medicaid’s Business!”
When someone applies for Alabama Medicaid and qualifies, Medicaid looks back 5 years (60 months) to see if the person needing Medicaid (or their spouse) made any gifts.
If gifts were made, then there can be a penalty starting when the person otherwise qualifies for Medicaid.
When we explain this to families who are faced with looking towards Medicaid to pay for long … (Read more)
Can I Give My House To My Children To Qualify For Medicaid?
Many families are told “If you think your mother will go on Alabama Medicaid, she needs to give the house to you so Medicaid can’t get her house.”
I’m not terribly surprised that non lawyers give out this bad advice.
However, I am shocked at the number of lawyers that give (or are paid for!) this advice.
It can have devastating consequences to you unless this is
…
(Read more)
This is a legitimate question we’ve been asked.
