Are you aware that health insurance and Medicare don’t cover long-term care costs? If you’re planning how you’ll finance long-term services, this could create a problem. With the cost of long-term insurance rising, Medicaid might be the next best option. We’ll cover how to apply for Medicaid and what you should be aware of. Before […]
Do you have a close friend or family member who collects Social Security, but has difficulty managing their payments or similar finances? If so, they may need to assign someone as their representative payee. Keep reading to find out more and what a payee is able to do. A representative payee is any trusted individual […]
When thinking about social security benefits, have you ever heard of retroactive payments? It might be nice to receive a lump sum of payments all at once, but it comes with a catch! Before accepting the payment, learn what you’re missing out on. Follow along with the rest of our blog to see what you […]
The Medicaid application process can be very confusing and may introduce complications without the help of a professional. Our team at Curran Estate Law can help navigate these obstacles so your application is completed swiftly and without error. We want to identify when you should hire assistance and other details related to Medicaid. First, what […]
For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations.
In our past few blogs we have been focusing on Medicaid and qualifying for it. This month we wanted to talk about if a Medicaid recipient is in a nursing home and their spouse, not in a nursing home passes away. If one spouse has to go into the nursing home, some planning can be […]
When planning for the future, you need to think about gifting assets to family and when you should do it. You want to make sure that your gifted assets are done before five years of applying for Medicaid. If you end up gifting assets within five years of applying, you may be subject to a […]
Due to inflation, prices are rising and that is holding true to Medicare Premiums as well. They are set to rise sharply in 2022, which is going to cut into the large Social Security cost-of-living increase. Currently, the basic monthly premium is $148.50, and it’s set to jump 15.5% to $170.10 a month. Many individuals […]
Medicaid has recently made some changes to provide protection for certain individuals, should their spouse be admitted to a nursing home. This protection is provided for individuals whose significant others are the breadwinners of the household. While Medicaid does limit the assets that a spouse of a Medicaid applicant is allowed to retain, the income […]
