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Many Florida seniors who need nursing home care find themselves in a frustrating situation: they require Medicaid to cover the cost of care, but their monthly income is just slightly above the Medicaid limit. Even though they cannot realistically afford private nursing home bills that can exceed $10,000 a month, they are told they… Read More »
When a loved one needs long-term care in a skilled nursing facility, families are often confronted with overwhelming costs and confusing Medicaid eligibility rules. In Florida, the average cost of a private room in a nursing home exceeds $10,000 per month—far more than most families can afford to pay out-of-pocket for any significant length… Read More »
When someone with a disability receives a personal injury settlement, it can feel like a financial lifeline, providing compensation for pain, suffering, and future care needs. But there’s an often-overlooked risk: receiving a large settlement can jeopardize eligibility for critical public benefits like Medicaid and Supplemental Security Income (SSI). These programs have strict asset… Read More »
Whether looking to make renovations, help out a child or grandchild, take a trip or cover a major expense, many Florida seniors consider ways to tap into the value of their home without selling it. A Home Equity Line of Credit (HELOC) is one option that can provide access to cash when needed. But… Read More »
One of the most common concerns we hear from clients during long-term care planning is whether they can qualify for Medicaid and still keep their home. It’s an understandable worry—your home is often your most valuable asset, and it may hold a lifetime of memories. Fortunately, the answer is yes, in many cases, you… Read More »
For many Florida seniors, Medicaid is a crucial resource for covering healthcare costs, in particular the costs of long-term care. If you’re considering selling your home, you might be wondering how this action will impact your Medicaid eligibility. The answer depends on several factors, including how the sale proceeds are handled and whether the… Read More »
If you or a loved one might be needing long-term care in a Florida nursing home, understanding Medicaid eligibility is essential. Medicaid can help cover the high costs of nursing homes and other long-term care services, but it comes with strict income and asset limits. Knowing how many assets you can have and still… Read More »
When it comes to securing your financial future and safeguarding your family’s interests, estate planning and asset protection are two essential strategies. While they share the goal of preserving wealth, they address different aspects of financial security and often work together to provide comprehensive protection. Below, we’ll explore the key distinctions between estate planning… Read More »
When it comes to estate planning, understanding the interplay between probate and Medicaid is essential for preserving assets and ensuring proper distribution to heirs. Both probate and Medicaid involve critical legal and financial considerations, particularly for families navigating elder care and estate administration. Below, we’ll explore the connection between these two areas and why… Read More »
If you’ve been researching estate planning online, you’ve likely been bombarded with ads offering do-it-yourself (DIY) estate planning kits and online legal forms and software, promising quick and low-cost solutions for creating wills, trusts, and other estate planning documents. However, while DIY estate planning may seem appealing, the risks can be significant, especially if… Read More »