USING ANNUITIES IN MEDICAID PLANNING
by Thomas D. Begley, Jr., Esquire, CELA and Marianne Johnston, Esquire Medicaid Planning The use of annuities in Medicaid Planning is a viable Medicaid Planning strategy. Long-term care is expensive and one of the best ways to pay for it is through Medicaid. Medicaid limits the countable assets of the individual Medicaid recipient to…
RISKS AND BEST PRACTICES WHEN HIRING CAREGIVERS
by Thomas D. Begley, Jr., Esquire, CELA and Marianne Johnston, Esquire The employment of a caregiver for an elderly or disabled person is often handled on an informal “handshake” basis. This arrangement is fraught with risk. The article will discuss some of those risks and set forth some best practices to avoid them. If…
ASSET PROTECTION STRATEGIES: HOW TO PROTECT YOUR ASSETS FROM CLAIMS OF CREDITORS
by Thomas D. Begley, Jr., CELA Clients are often concerned about protecting their assets from claims of creditors. This is particularly true of clients who are professionals or business owners. However, many others may be concerned about asset protection. For example, persons who own rental real estate. There are a number of strategies that are…
TEN TOP MEDICAID PLANNING STRATEGIES
by Thomas D. Begley, Jr., Esquire, CELA Medicaid Planning strategies basically fall into two categories: spend down and transfer of assets. The ten top strategies include the following: There are several options with respect to the home. The home could be transferred to the community spouse without a transfer of asset penalty. However, if…