Do I have to transfer All of My Assets?

If I create an Irrevocable Medicaid Asset Protection Trust to protect my assets against the cost of nursing home care, must I transfer all of my assets into it?  No.  Whatever assets get transferred into...

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What Will Long-Term Care Insurance Cover?

Will all Long-Term Care insurance policies cover the entire cost of skilled nursing care? Almost never!! Remember that all such policies have a maximum daily benefit they will pay and for how long. Usually, the...

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Should I prepay my funeral?

Should I prepay my funeral? At the very least, you should pre-PLAN your funeral. Doing that takes decision-making at a very difficult time far easier for your family. In addition, prepaying your funeral will insure...

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What is Medicaid?

What is Medicaid? It is a federally funded program, distributed by the states, that, among other things, pays for skilled nursing home care (and, to a limited degree, assisted living) for those who qualify due...

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