The article below appeared originally in The New York Times. It explains why long-term care planning is essential for middle-class Americans. The Karp Law Firm has been assisting clients and their families to meet this challenge for over 25 years,…
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Florida has made another change to its Medicaid rules for nursing home benefits. The rule change applies to married couples when one spouse is in a nursing home and receiving Medicaid benefits. The spouse who is not in a nursing…
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Florida has just announced an increase in the Personal Needs Allowance for individuals receiving Medicaid benefits for custodial nursing home care. The new figure is $160 per month, up from $130. The updated figure went into effect on July 1,…
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It is a common assumption that an incapacitated person receiving long-term nursing care will pass away before his/her well spouse does. However, statistics show that is not necessarily the case, particularly when you consider that many “well” spouses are left…
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Our office frequently receives calls from adult children whose parents have entered or are about to enter long-term nursing care. Accustomed to Medicare covering their parent’s medical bills, they now face a frightening fact: Medicare will not cover their parent’s…
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Clients often ask us about creating a lady bird deed for them. They have heard that this type of deed can be useful for both Medicaid planning and probate avoidance. While it is true that a lady bird deed confers…
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Medicaid law changes frequently. Our elder law attorneys carefully monitor changes in order to properly advise clients seeking Medicaid nursing home benefits. We can often recommend legal steps that allow clients to protect their assets and retain a good portion…
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In recent years there has been a proliferation of individuals who refer to themselves as “Medicaid planners” but who are not licensed to practice law. They claim to have the expertise to help clients become eligible for Medicaid nursing home…
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Families and individuals with significant assets will have new opportunities in 2023 to transfer tax-free wealth to their heirs. Your estate planning attorney can provide you with guidance on any gifting you should be doing to take advantage of the…
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There have been changes to two key numbers Florida uses when assessing an applicant’s eligibility for Medicaid nursing home benefits. These changes went into effect July 1, 2022. Minimum Monthly Maintenance Needs Allowance The income of an applicant’s spouse is…
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