Financing Long-Term Care In New Jersey 2019
Statistics show that approximately 70% of the population age 65 or over will require some form of long-term care. Some will be there for relatively short periods of time. These are usually stroke or accident victims or surgery patients who are doing rehabilitation. A significant percentage will remain in a nursing home for an extended…
MEDICAID AND THE HOME – PART 2
by Thomas D. Begley, Jr., CELA This is the second part of a two-part series on Medicaid and the home. The previous article discussed the circumstances under which the home would be a non-countable asset, the five forms of ownership, income and real state taxation, estate recovery, risk factors, and exempt transfers. This article will…
MEDICAID AND THE HOME – PART 1
by Thomas D. Begley, Jr., CELA This is the first part of a two-part series on Medicaid and the home. The most valuable asset that most Medicaid planning clients have is their home. They also have very strong emotional attachments to the home. There are a number of strategies available…
THE MEDICAID PAYBACK: HOW DOES IT REALLY WORK?
by Thomas D. Begley, Jr., Esquire, CELA The Medicaid payback in a personal injury case can often have four components. These are: the lien against the settlement, Special Needs Trust payback, estate recovery, and ABLE account payback. This article will briefly discuss each of the four components in a general way, but there are exceptions that…