Tag Archives: limit

Transferring Assets and the Five Year Look-back

When an individual applies for Medicaid assistance in a nursing home, one of the first questions that is asked of them has to do with whether a transfer has been made of any asset for less than fair market values within five years (60 months) of the date of the application.  If such a transfer has been made, a “penalty period” will result depending on the value of the gift.  The larger the gift, the longer the penalty period.  Continue reading

5 Ways Seniors Can Eat Healthy

It’s no secret that choosing to eat healthy can—along with just generally making you feel better— help to prolong your life. Many seniors suffer from malnutrition, due to many different factors, from health to income. To make sure you age well and stay active, independent, and happy, here are five easy ways you can make sure you eat healthy. Continue reading

What is a Third-Party Special Needs Trust??

Special needs trusts come in three main flavorsfirst-party special needs trusts, third-party special needs trusts, and pooled trusts.  All three trust varieties are designed to manage resources for a person with special needs so that the beneficiary can still qualify for public benefits like Supplemental Security Income (SSI) and MedicaidContinue reading