Category: Estate Planning
How can an irrevocable trust help you qualify for Medicaid?
As you start planning your estate, you will want to start thinking about future healthcare costs. While you may still be in good health now, you may reach a point where you can no longer take care of yourself. Planning for the future can prepare you for the high costs of nursing homes. According to…
It’s Now Harder for Veterans to Qualify for Long-Term Care Benefits
The Department of Veterans Affairs (VA) has finalized new rules that make it more difficult to qualify for long-term care benefits. The rules establish an asset limit, a look-back period, and asset transfer penalties for claimants applying for VA pension benefits, including the Aid and Attendance benefit, that require a showing of financial need. The…