There is a lot to think about if you are interested in qualifying for Medicaid as a way to pay for long-term care. If you are a married person who needs long-term care you are obviously going to be concerned about the well-being of your spouse. The Medicaid program does allow the healthy or community spouse to retain ownership of half of community property up to a certain limit. In 2013 this limit is $115,920.
Topics covered in this report include:
- Asset Limits
- Age Requirements
- Living Assistance
- Medicaid Planning
Click here to read the whole report or download the PDF.
Mark S. Eghrari is an attorney in private practice in Smithtown, New York. He has been in practice since 1988. Mark S. Eghrari provides extensive estate and tax planning services to individuals and businesses. Mr. Eghrari’s primary focus is helping clients avoid probate, minimize or eliminate Federal and State Estate taxes and protect their assets from the high cost of nursing care, if they become ill Read More!
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