Medicaid Planning And Asset Protection

What does it mean to have an “asset preservation” strategy? As individuals age, protecting their financial resources often becomes increasingly important. An asset preservation strategy is a proactive legal and financial plan that is designed to safeguard wealth from...

For some people, the last months before they retire are the first time they ever think about estate planning. Others who already have basic estate plans go over their documents and make major adjustments. Proper planning prior to retirement helps people understand...

Individuals preparing for retirement usually need to think carefully about their comfort as they age, and also the legacy that they’ll leave after they die. The plans they establish early in retirement can help protect them and the people they love. Many people...

Medicaid planning is a subject that is seldom discussed in society. As a result, many people are unaware that they need to take certain steps if they eventually need to qualify for benefits. In New Jersey, Medicaid eligibility involves strict asset limits, which can...

Some New Jersey residents recognize when planning for retirement that they may require Medicaid. A family history of Alzheimer's disease or serious age-related decline might inspire someone to plan for nursing home care. They may have already experienced medical...

Medicaid is a program designed to assist elderly individuals with low incomes in paying for medical expenses. When a senior applies for the program, Medicaid conducts a five-year look-back or analysis. Applicants must meet strict eligibility criteria, which will be...

Qualifying for Medicaid coverage requires you to meet several requirements. One of these is to have an income or assets that are under a set threshold.  For those who do not meet this threshold, it is possible to “spend down” or reduce their income and assets to...

Medicaid is a health insurance scheme that is designed to provide health coverage as well as other related services to America’s most economically vulnerable citizens, including low-income seniors as well as low-income individuals with disabilities. Jointly funded by...

People don't like to think about needing Medicaid benefits as they get older. Many individuals associate Medicaid with poverty and with a loss of control over their assets. However, the truth is that Medicaid benefits are necessary for many older adults as their...