Though Medicaid is the solution of last resort for many, you do not automatically qualify for Medicaid coverage if you need long-term care as an elder. It is a need-based program, and you cannot qualify if you have countable assets that exceed $2000 in value.
Topics covered in this report include:
- Paying for Long-Term Care
- Healthy Spouse & Medicaid Monthly Maintenance Needs Allowance
Click here to read the whole article or download the PDF.
Paul Kraft is Co-Founder and the senior Principal of Frank & Kraft, one of the leading law firms in Indiana in the area of estate planning as well as business and tax planning.
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.
Latest posts by Paul A. Kraft, Estate Planning Attorney (see all)
- 5 Important Steps to Take after an Alzheimer’s Diagnosis - May 19, 2022
- Can I Be Held Personally Liable for Mistakes I Make Administering a Trust? - May 17, 2022
- What Is an Irrevocable Life Insurance Trust? - May 12, 2022
