Many government benefits programs, such as Medicaid, have eligibility requirements that are based on the applicant’s income. Income-based programs have income or asset limits that must not be … [Read more...] about Can Medicaid Take My Home if My Daughter’s Name is on it too?
If you or a loved one anticipates the need to apply for Medicaid in the near future, you need to be aware of the eligibility requirements. The requirement that generally causes people the most … [Read more...] about What is the 5 Year Lookback Rule for Medicaid?
Most of us know that, in order to qualify for Medicaid, you have to have pretty limited income and assets. The assets you do have, with a few exceptions, must be used to help pay for your medical … [Read more...] about What is the Medicaid Monthly Maintenance Needs Allowance?
Eligibility for many government benefits programs is based on the applicant’s need or income. These income-based programs have established income or asset limits that apply, when determining whether … [Read more...] about Is There a Maximum Asset Threshold for Receiving Medicaid?
Giving gifts to anyone, even your children, comes with tax consequences. So, if you want to give your child a gift each year tax free, it is important to understand how that gift will be taxed, and … [Read more...] about How Can I give My Child a Gift Each Year Tax Free?