21 March

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How to Protect Assets From Medicaid Recovery

Avoiding Medicaid estate recovery of your home should be an important priority of a well-crafted Estate Plan. By using sophisticated estate-planning tools, an experienced Elder Care and Estate Planning lawyer can help protect your house, prevent Medicaid from forcing its sale, and enable your heirs to enjoy it. That's why below you're going to learn about 3 techniques that can help protect your assets from Medicaid recovery. What is Medicaid Recovery? Medicaid may be able to force your heirs to sell your house to reimburse the state for your the benefits you received because when the state pays for care, including nursing...

07 March

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Using a Pooled Trust for Medicaid Planning

Author Barry Siegel

in Medicaid Planning

If you’re disabled and trying to qualify for Medicaid, one option that can help you is a pooled trust. A special needs trust is often used to help a person get under the $2,000 countable asset limit, which can make the difference in whether they qualify for Medicaid services or not. There are options for moving assets into a trust for both personal and certain types of medical needs, most typically for people who are under age 65 and become disabled. For beneficiaries over 65 a transfer penalty may apply. But the best news about a pooled trust is that it...

14 February

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Medicaid Gifting Rules: What You Need to Know

Author Barry Siegel

in Medicaid Planning

medicaid gifting rules - siegel law group

Giving money to your family can be a great way to help them get ahead, pay bills, save for their future, and more. With the Gift Tax Exclusion, you can offer monetary gifts to others without you or the recipient having to pay any additional tax. But keep in mind that any gifting you do should be done only out of love for the people you're gifting to. That's the best way to give, when it's from the heart. It can also be the most important reason to give, as part of your financial planning. That's because you can't use gifting...

05 March

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What Is A Florida Elder Law Attorney?

Author Barry Siegel

in Elder Law, Medicaid Planning, Power Of Attorney

What Is A Florida Elder Law Attorney? | Florida Estate and Elder Law Attorney Barry D. Siegel at The Siegel Law Group, P.A

As people age, they often face new legal issues such as health care concerns, long-term care planning, adult guardianship, retirement issues, Social Security, Medicaid planning and other important matters. A Florida Elder Law Attorney advocates for aging adults and their families. Older adults often have unique issues that they did not have when they were younger and want to age with dignity and respect. What Is An Elder Law Attorney? Elder Law Attorneys handle the financial and Estate Planning legal issues that affect older adults, their caretakers and their families. Elder Law Attorneys have experience handling the sensitive and often stressful emotional...

24 September

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How Does a Florida Lady Bird Deed Help With Medicaid Planning?

Author Barry Siegel

in Health Care Planning, Medicaid Planning, Probate

How Does a Florida Lady Bird Deed Help With Medicaid Planning?| Florida Estate and Elder Law Attorney Barry D. Siegel at The Siegel Law Group, P.A

Many people think they have too many assets to qualify for Medicaid assistance to help pay for healthcare, and they pay out-of-pocket for their long-term care until they have sold their home and all their other assets. But with careful Medicaid Planning, you may be able to receive the financial help you need without losing your home. A Florida Lady Bird Deed, also called an Enhanced Life Estate Deed, allows you to avoid probate and pass your property to your loved ones while maintaining eligibility for Medicaid assistance. 4 Benefits Of A Lady Bird Deed A Lady Bird Deed as part of your Estate...

03 September

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What Does an Elder Law Attorney Do?

Author Barry Siegel

in Estate Planning, Medicaid Planning, Veterans Benefits

Elder law attorneys focus on helping aging seniors or disabled adults with a variety of legal matters. These matters include planning for long term medical costs, qualifying for Medicaid, protecting assets and drafting legal documents like a living will. Elder law attorneys handle the unique issues that older adults face in planning to age with dignity. Attorneys practicing Elder law understand how to legally protect complicated and high net worth estates from rising nursing home costs. They can also help seniors qualify for benefits that contribute to paying for assisted living facilities. They’re able to handle sensitive family issues and...

26 February

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Medicaid Planning & Veteran Benefit Planning

Author Siegel Law Group

in Medicaid Planning, Veterans Benefits

By the time you’ve hit age 65, you’re probably ready to start thinking about retirement. After decades in the workforce, you might be ready to kick back and enjoy the fruits of your labor. However, retirement can come with many concerns. Do you have enough money saved up to live the rest of your life? What if you live for two more decades? Three? Will you run out of money before you run out of life? This is one of the concerns that Estate Planning tries to address. However, there’s an additional problem that can make planning more difficult: health care issues. The...

How to Protect Assets From Medicaid Recovery

Using a Pooled Trust for Medicaid Planning

Medicaid Gifting Rules: What You Need to Know

What Is A Florida Elder Law Attorney?

How Does a Florida Lady Bird Deed Help With Medicaid Planning?

What Does an Elder Law Attorney Do?

Medicaid Planning & Veteran Benefit Planning

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