When you apply for long-term care through Medicaid, the government requires that you spend down your assets before receiving benefits. However, Medicaid rules are designed to ensure that the spouse ...

Watching a lifetime of savings drain away because a spouse needs long‐term care is one of the most frightening financial moments a family can face. Medicaid can step in to cover nursing home costs, ...

It is common for a client whose spouse is receiving Medicaid to lack adequate estate planning to protect those Medicaid benefits in the event the client dies before their spouse. Yet, after all of the ...

When one spouse needs nursing home care, the money stress hits fast. It’s not just the big monthly bill. It’s the panic about the house, the bills at home, and whether the “well spouse” is about to ...

Last week, YLC discussed gift giving and transfers not for value under Medicaid Planning. Today's topic continues with Medicaid Planning but with an emphasis on the Community Spouse. A community ...

Paying for nursing-home and long-term care can seem daunting when the cost can be $5,000 to $12,000 per month – or more. When a married couple is no longer able or willing to privately pay out of ...

When you turn to Medicaid as a married couple and only one partner needs to be institutionalized, the community spouse allowance is an important factor to understand. In New York State, a married ...

Kimberlee Leonard has 22 years of experience as a freelance writer. Her work has been featured on US News and World Report, Business.com and Fit Small Business. She brings practical experience as a ...

Today Your Legal Corner provides information regarding Medicaid, the community spouse and income. We will distinguish the Medicaid rules designed to aid the community spouse in apportioning income ...