6 03, 2019

You Can be In Charge of Your Medicaid Trust

By | 2019-03-06T15:28:48-06:00 March 6th, 2019|0 Comments

Families throughout Louisiana use Living Trusts to preserve their wealth. Many aim to protect assets from long-term care spend-down with specially designed Medicaid Living Trusts. By shifting your assets into a Medicaid Living Trust at least five years before you or your spouse need long-term care services, you can ensure qualification for Medicaid. When Medicaid covers the bulk of your long-term care, you don't spend down your own resources on high care costs.  With proper planning, you can preserve the assets in your Medicaid Living Trust for your heirs. One common misconception about these Medicaid trusts pervades the thinking of [...]

31 01, 2019

2019 Medicaid Long Term Care Asset Limits Are In

By | 2019-01-31T14:17:41-06:00 January 31st, 2019|0 Comments

Aging Louisiana residents are often left to wonder what will happen if they become ill late in life and in need of long term care. So many have heard horror stories about friends, neighbors and relatives who have lost their entire life savings paying between $5,000 and $10,000 per month on nursing homes, assisted living facilities, and in home care options. Many are also surprised to learn that Medicare does not pay for these long term care services. This begs the question, are there any options available for individuals who would prefer to preserve their wealth for the next generation? [...]