Miller Trust is a type of trust used to qualify a Medicaid applicant for Medicaid when the Medicaid applicant’s income exceeds the state published Income Cap. In Arkansas, the “Income Cap” (a phrase with a specific meaning for Medicaid purposes) as of the date of this article is $2,250. This means any applicant for Medicaid is not qualified so long
Read MoreOne of the greatest fears people have about aging is loss of health and ending up in a nursing home. How are you going to afford to pay for long-term care? There are basically four ways to pay for the cost of a nursing home: Long-Term Care Insurance- Long Term Care Insurance is the best option by far.
Read MoreWe do a fair amount of asset protection for families with loved ones entering nursing homes and deal with medicaid transfers. We almost always transfer assets out of the medically needy individual’s name. This generally allows for the preservation of a majority of the assets and allows the medically needy person to qualify for Medicaid. Most of the time these
Read MoreMy job as an estate and elder law attorney brings me into contact with people on a daily basis who have decided to begin their end-of-life planning. As a part of the initial conversation I have with clients, I usually ask what made them decide to do this planning now. After all, many of them have lived 70+ years and
Read MoreHelping your parents or other family members enter a nursing home is always difficult, no matter the financial situation. There is the stress of deciding which home is best for your loved one. There is the sadness in seeing your loved one taken away from the home that he or she has come to love. And there is usually some
Read MoreIn the practice area of Elder Law we often deal with how to pay for the medical costs of our clients. Most of the time people do not call until they are facing a $6,000.00 a month bill from the nursing home. Most people spend a large amount of money on healthcare before they ever enter a nursing home. Although
Read MoreIt happens often to families today. They have to move a family member into a nursing home and it is never easy. You have to take someone out of their comfortable surroundings and move them into an area that they often do not want to go. Nursing home staff try to do the best they can to ease this transition,
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