For many seniors, owning a home is synonymous with the American Dream. The goal is to stay in the family home, and then pass it on to the next generation. 1,028 more words
Seniors sometimes secure and use a reverse mortgage to pay for “in-home” long-term care. Specifically, a reverse mortgage allows a homeowner who is at least 62 years old to use the equity in his or her home to obtain a loan that does not have to be repaid until the homeowner moves, sells, or dies. 439 more words
LKG Law P.A.
500 Australian Avenue South, Suite 600
West Palm Beach, FL 33401
LKG LAW P.A. West Palm Beach, FL is an advocate for protecting the legal rights and financial resources of senior citizens, people with disabilities, and their families in order to obtain long-term care services. 65 more words
A powerful tool for Medicaid planning that we are seeing more use from is a Pooled Trust. A Pooled Trust (sometimes referred to as a (d)(4)(C) trust) is a very specific type of trust used to help disabled individuals qualify for the government benefits they need while maintaining some funds set aside for things they may want to preserve the quality of life they are used to. 1,265 more words
The term “life estate” often comes up in discussions of estate and Medicaid planning, but what exactly does it mean? A life estate is a form of joint ownership that allows one person to remain in a house until his or her death, at which time it passes to the other owner, referred to as the person with the remainder interest. 721 more words