Tragic Lessons from Bobbi Kristina Brown
We’ve been following the tragic story of Bobbi Kristina Brown—Whitney Houston’s daughter— who was found unresponsive in her bathtub and hospitalized since January 31. It’s a tragic story really. Not because of the fact of who she is, but because we don’t expect 21 year-olds to be in a coma… or a 19-year-old to die […]
Medicaid Advance Planning
Advance Planning is for people who are healthy now but want to be prepared for the very real possibility that they will require some form of long-term care in the future. Our goal is to help you remain independent for as long as possible and protect your life savings if you and/or your spouse require […]
Medicaid Crisis Planning
What is Arizona Medicaid Crisis Planning? We define it as a situation where an individual has either been admitted to a nursing home, or must enter one in the near future, and been informed that he or she has too many assets to qualify for assistance from Medicaid. It is considered a crisis situation because […]
Medicaid Strategies
As long as you have assets and an income that is counted as yours, your options for long-term care could be limited. You cannot outsmart the system by simply giving away your home and all your money several months before applying for Medicaid. There are number of strategic ways to “spend down” assets as a […]
Consult an Experienced Medicaid Attorney
The most obvious Medicaid planning strategy is to consult an Arizona attorney experienced in estate planning, Medicaid planning and Veteran planning. Remember, an individual must have very few assets and an income below $2,000 a month to qualify for Medicaid in Arizona. Fortunately, following the correct asset transfer procedures more than five years before applying […]
Medicaid Planning
For many aging Americans, the possibility of ending up in a nursing home is a big fear. The average cost of a nursing home in Arizona is $171 per day, and this rises to $216 a day for a private room. That means you would be paying at least $62,000 a year! In most cases, […]
Do You Need a Trust?
Trusts are an important estate planning tool for many individuals but may not be right for every estate plan. Trusts are complex legal documents and should only be prepared by a lawyer who practices in this specific area of law. There are many different kinds of trusts and they are established for a variety […]
Don’t Gift Things Away in Order to Qualify for Medicaid/ALTCS
When you apply for ALTCS, Arizona’s Long Term Care System, they will require you to disclose any gifts made within the last 5 years, that’s 60 months. A gift happens any time you give or transfer something of value to another person or entity and you did not receive something back for its’ fair […]
What Assets and Income are Counted when Applying for Mediciad/ALTCS?
When you apply for Medicaid long-term care benefits, there are asset and income restrictions that must be met before you can qualify for the benefits. When you apply, ALTCS, Arizona’s Long Term Care System, will look at all assets held in the applicant and spouse’s name, including accounts or others assets held jointly with other […]
Eligibility Retirements for Medicaid/ALTCS
Eligibility Retirements for Medicaid/ALTCS Needs based program Must be a citizen or meet other citizen requirements Income limit of $2094 per month Asset limit of $2000 for the applicant (some assets are not counted toward this limit) Medical need for long-term care
