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Is My IRA Safe From the Nursing Home?

Posted on June 11, 2019 by

After working and saving, clients are concerned that unexpected costs will become unplanned for drains on their Retirement Accounts (e.g, 401(k), IRA, Roth IRA, 403(b), etc.). As the need to pay for nursing home care nears, those concerns grow and questions begin to be asked about whether retirement accounts are safe from the nursing home. […]

Tips for Farmers on Long-Term Care Costs

Posted on May 30, 2019 by

Harry and Sally want to pass their farm operation to their children. Ideally, they would also like to receive some income from the farm.  Because Harry and Sally do not have long-term care insurance, they are worried that if they need medical assistance (e.g., Medicaid) to help pay for long-term care such as a nursing […]

Myth Busters: Dispelling 5 Myths About Medicaid’s Long-Term Care Coverage

Posted on March 12, 2019 by

Did you know that Medicaid is the largest source of funding for nursing home care?  Medicaid, often called Medical Assistance or Title 19, has many rules that are confusing, and thus a mystery to many people.  Even more of a mystery surrounds the idea that you can protect your assets and still be eligible for […]

Will the Nursing Home take my house?

Posted on January 16, 2019 by

When faced with the possibility of paying for nursing home care, many people I meet with are concerned about what will happen to their house. Inevitably, I am asked, “Will the nursing home take my house?” To protect the house, clients want to immediately give it away to their child or children. Although this sounds […]

Will Parents’ Long-Term Care Costs Sink the Farm?

Posted on July 11, 2018 by

Problems can result when parents maintain ownership of a farm but need long-term health-care services from an assisted-living facility or nursing home. Expenses associated with long-term care can jeopardize a farm business if not properly managed ahead of time. There’s a common situation attorneys encounter when helping farm families with farm legal matters. Although parents […]