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Why Estate Planning and Medicaid Planning Take Different Paths

Clients frequently ask “Doesn’t my revocable trust protect my assets if I get sick and require long term care services?”  Clients are surprised when the answer is that their revocable trust assets, which they control, are countable if the client has a chronic illness and wants to apply for Medicaid. Clients want to stay in control of their…

Failure to Report Settlement to Social Security Results In Woman Facing 15 years in Federal Prison

It’s been a long time since we have seen this scenario and surprising that it still happens. You need to know if your client receives government benefits. Inform them the settlement can affect their entitlement, and encourage them to meet with me to obtain the best planning advice. Scenario: a child is injured during the birth…

Tips For You To Know About Social Security Benefits

How well do you think you know your entitlement to social security benefits? Entitlement to benefits is based on a variety of factors such as marital status (including remarriage). How a change in marital status impacts your benefits: SSI Benefits: If you receive Supplemental Security Income (SSI), which limits you to owning no more than $2,000.00 in countable…

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