12 May Medi-Cal, Capital Gains and the Home
Medi-Cal, Capital Gains and the Home
In previous blogs, we have discussed how we can establish the home as an “exempt asset” for qualification for Medi-Cal. However, if your home is in your estate when you pass away after having been on Medi-Cal, the state can pursue a recovery lien against your home.
Elder Law Workshops: Thursday, May 21, 2015 from 6:30 to 8:00 p.m. in
Walnut Creek, CA at Atria Walnut Creek Assisted Living Community, 1400 Montego, Walnut Creek, CA
-and-
Wednesday, May 27, 2015 from 3:00 to 4:30 at Tiffany Court Retirement Community, 1866 San Miguel Dr., Walnut Creek, CA 94596
RSVP: 925-256-0298
“Get Your Ducks in a Row”
And Learn About “Sustainable Estate Planning TM” Win a copy of Mr. Young’s new book, “Don’t Go Broke In A Nursing Home”
Workshops:
RESERVATIONS: You may reserve your space by contacting The Law Offices of Michael J. Young at 925-256-0298. 1931 San Miguel Dr., Walnut Creek, CA 94596.
One of the biggest fears that many people have today is the fear of having their life savings wiped out if they need long term care. What a shame to see someone’s life savings wiped out by the cost of care. Whether you or a family member needs care it is important that you understand what you can do to protectyour hard-earned assets!
In this workshop, we will discuss the following:
TOPIC: How To Get Medi-Cal Coverage For Your Nursing Home Care. Learn what assets are “exempt” and “non-exempt” for Medi-Cal planning. Learn how to make gifts of your assets without creating periods of ineligibilityfor Medi-Cal. We will discuss the asset protection language that most people do not have in their estate planning documents, which can help protect your life savings. Learn how to protect your home as a legacy for your children.
TOPIC: Explore Ways to Private Pay For Your Long Term Care. Learn about little known Long Term Care Insurance Options that you may be eligible for. Also, find out how you may be able to unlock a benefit in your life insurance policy to help pay for the cost of care now.
TOPIC: Learn about the Veterans Administration Aid & Attendance Benefit, for war time veterans. This V.A. program can help pay for in-home care, board and care costs, and costs for assisted living facilities.
This email was sent to ssb@seniorservicesbeyond.com by lawyoung1@gmail.com
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