Written Blogs

Should you give away assets to qualify for Medicaid?

You want to qualify for Medicaid, but your assets go above the predetermined thresholds. What now? One option is to spend-down your estate. You need to eliminate some of the assets you control to get below the threshold. There are numerous ways to do this, but many people simply gift them to family members or even close friends. For instance, if you have $300,000 in ...
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June 30th, 2018|Categories: Written Blogs|Tags: , , |

What is a Medicaid Spend-Down

If you are a mature Texas resident, or if your parents are getting on in years, you may be concerned about what will happen if you or they eventually need nursing home or other long-term care. Even if you and/or your parents are relatively well-to-do financially, few people can afford the extraordinary costs of long-term care and must rely on Medicaid to pay these costs. ...
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June 21st, 2018|Categories: Written Blogs|Tags: , |

Does Your Power of Attorney Still Apply If You Recover?

A medical power of attorney appoints an agent to act on your behalf. For most people, this agent is a direct relative, such as a child. This person can then make decisions when you are not able to do so. For instance, you may suffer a stroke and go into a coma. Doctors need to do surgery right away, but the type of surgery they ...
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June 21st, 2018|Categories: Written Blogs|Tags: , |

All Blog Posts

Should you give away assets to qualify for Medicaid?

You want to qualify for Medicaid, but your assets go above the predetermined thresholds. What now? One option is to spend-down your estate. You need to eliminate some of the assets you control to get below the threshold. There are numerous ways to do this, but many people simply gift them to family members or even close friends. For instance, if you have $300,000 in ...
READ MORE

June 30th, 2018|Categories: Written Blogs|Tags: , , |

What is a Medicaid Spend-Down

If you are a mature Texas resident, or if your parents are getting on in years, you may be concerned about what will happen if you or they eventually need nursing home or other long-term care. Even if you and/or your parents are relatively well-to-do financially, few people can afford the extraordinary costs of long-term care and must rely on Medicaid to pay these costs. ...
READ MORE

June 21st, 2018|Categories: Written Blogs|Tags: , |

Does Your Power of Attorney Still Apply If You Recover?

A medical power of attorney appoints an agent to act on your behalf. For most people, this agent is a direct relative, such as a child. This person can then make decisions when you are not able to do so. For instance, you may suffer a stroke and go into a coma. Doctors need to do surgery right away, but the type of surgery they ...
READ MORE

June 21st, 2018|Categories: Written Blogs|Tags: , |

7 Pieces of Information You’ll Need When Applying for VA Benefits

You are thinking of applying for your VA pension benefits. You have not done it yet, but you believe you are eligible and you want to get the process started. You have also heard other people talk about getting denied for simple reasons and mistakes on their forms. You want to avoid dragging the process out any more than necessary. To help, here are seven ...
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June 21st, 2018|Categories: Uncategorized, Written Blogs|Tags: |

Guardianship vs. Power of Attorney: Which is Better?

There are two kinds of powers of attorney: financial power of attorney and medical power of attorney. For example, when a trusted person is granted financial power of attorney, that person can make decisions related to the incapacitated person's bank account, including payment of bills and overseeing matters of investment. With medical power of attorney, a trusted person is allowed to make medical decisions on ...
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June 18th, 2018|Categories: Written Blogs|

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