Gifting away assets can cause serious problems when attempting to qualify for long-term care Medicaid.  The punitive Medicaid asset transfer rules are one of the harshest and cruelest rules ever imposed by the government against its ailing seniors.  An improper transfer can cause serious penalties that can leave a patient’s family scrambling to figure out […]

Somehow over the years the terms Medicaid Friendly Annuity and Medicaid Compliant Annuity have entered the planning lexicon.  Most advisors without much background in this work use them interchangeably – but they really have different meanings.  If you are not aware of the difference or why you should never use the term Medicaid Friendly Annuity, I encourage you […]

Most people do not know how the revocable living trust interplays with Medicaid rules for long-term care medical assistance eligibility.  The living trust can cause major problems.  Every advisor who recommends a trust or does estate planning should understand how the living trust affects the Medicaid spenddown.  We all love the Revocable Living Trust (RLT), […]