By Lynda Lee Arnold Are you thinking of moving close to your child’s home? Close…as in an in-law apartment or addition? Many people in their later years decide to downsize and give money to an adult child for building an addition onto the child’s home. Sounds like a good plan,…
By Kathleen Michalak “Live long and prosper” is a blessing made famous by the TV series Star Trek. But living a long life can be a mixed blessing, when care needs increase, and finances decrease. When assets are depleted, Medicaid is a safety net you want to look into. It…
By Lara Schneider-Bomzer Have you ever been on the phone with a friend living in another state and the topic of long term care health needs comes up? Your friend in New York tells you that she has a neighbor who immediately received Medicaid home care benefits after transferring all…
In 2013, a new statute went into effect that can enable nursing facilities to sue you or your family for outstanding debts. What could this mean for you? It means that when you are considering making transfers or gifts a part of an asset protection plan, or in anticipation of…
Last month the Connecticut Supreme Court handed down a favorable decision in a case argued by attorney Carmine Perri of Czepiga Daly Pope & Perri. Why this matters For married couples who intend to apply for Medicaid for one of the spouses, it is now possible to protect as much…
In a recent post we talked about the eligibility requirements for Medicaid and the various Medicaid planning strategies. But how do you actually apply for Medicaid? If your situation is simple – say you have one bank account, never been married, don’t own a home and you live on your…
By Lara Schneider Bomzer Governor Malloy has revealed his new budget plan to reduce a deficit close to $1.7 billion. The plan includes cuts designed to freeze the number of recipients of who may be eligible for the “Category 2” Connecticut Home Care Program for the Elders. These are recipients…