Month: July 2015

July 2, 2015 admin

Elder Law Defined Elder Law is an extension and refinement of estate planning. In addition to addressing general planning needs like wills, trusts and medical and financial powers of attorney, an Elder Law attorney can help you decide what type of care options exist for your older loved one and how to pay for that…

July 1, 2015 admin

Will Medicaid Have a Claim on My Mother-in-Law’s Interest in Our House? Q:  My mother-in-law is on the deed to my wife’s and my home. If she moves into a nursing home, will Medicaid try to claim an interest in my home? How can I prevent them from doing this? Must I transfer the interest…

July 1, 2015 admin

2015 Spousal Impoverishment and Home Equity Figures Released The Centers for Medicare and Medicaid Services has released its Spousal Impoverishment Standards for 2015 : The official spousal impoverishment allowances for 2015 are as follows (we include Medicaid’s home equity limits): Minimum Community Spouse Resource Allowance: $23,844 Maximum Community Spouse Resource Allowance: $119,220 Maximum Monthly Maintenance…