Crisis Medicaid Planning, What to do When You Need a Nursing Home Now Medicaid is a needs based program. This means that people with excessive assets or income cannot qualify for Medicaid. For many, this will be the only government program that they will ever seek. (These are general rules in Oklahoma). What Assets Count […]
Cash Value in Life Insurance can be a Barrier to Medicaid Benefits Many who apply for Medicaid are surprised to learn that owning a life insurance with a small amount of cash value disqualifies a otherwise eligible person from receiving benefits. Term policies (those without cash values) do count against the patient. However, if the […]
Don’t Leave Your IRA to Your Kid Outright IRAs are wonderful investments. Many people want to leave unused funds to their children. They simply name their kids as a beneficiary and think that everything is set. Many fail to understand that merely naming the children as beneficiaries may result in the loss in the value […]