by David D. Nesbit, Esq. | May 20, 2019 | Aging, Finances, Sentinel Articles
An Irrevocable Funeral Trust (IFT) is a useful tool for people who are facing the high cost of skilled nursing care. The IFT is an eligible expense during the Medicaid spend-down process. It sets aside sufficient assets so that a surviving family...
by David D. Nesbit, Esq. | Apr 30, 2019 | Finances, Medicaid, Nursing Homes, Sentinel Articles
Note: Medicaid regulations vary from state to state. This information is based on regulations in Pennsylvania. What is the difference between Medicare and Medicaid? Medicare is health insurance and covers medical services such as physician...
by David D. Nesbit, Esq. | Jan 14, 2019 | Finances, Medicaid, Sentinel Articles
Considerations for Funeral Preplanning I confess that I have not yet pre-planned my funeral. Eventually, I will stop procrastinating and get around to it. It seems that each week I witness a fresh reminder that the moment of one’s death is not...
by Keystone Elder Law | Aug 20, 2018 | Finances, Medicaid, Sentinel Articles
What is a Medicaid Asset Protection Trust? It is an irrevocable trust that (if drafted properly) protects the assets transferred to it from counting as resources for Medicaid qualification purposes. When the Trust is signed, a new legal entity is created. There are...
by David D. Nesbit, Esq. | Apr 30, 2018 | Finances, Insurance, Sentinel Articles
Long term care insurance is optional insurance you can buy to pay for care that is not reimbursed by health insurance or Medicare. When a person is no longer able to function independently, the alternatives are to rely on family members or to spend the nest egg to pay...
by Keystone Elder Law | Apr 9, 2018 | Estate Planning, Family Living, Finances, Sentinel Articles
Over the years, we are increasingly seeing a problem occur where the parents of a person with special needs cared for and lived with that son or daughter for their entire life. What happens when mom and dad die? A lot of people do not have appropriate plans in place...
