If you intend to leave assets to a loved one with special needs, his or her eligibility for government benefits could be put at risk in the absence of proper planning.
Eminent Domain and Landowners' Rights
It's an obvious thing to say, but here it is: when you purchase or inherit real estate, the property is then yours; no one can simply take it from you. But "simply" is the key word here.
Short-Term Care Insurance: An Alternative to the Long-Term Care Variety
A little-known insurance option can be an answer for some people who might need care but are unable to buy long-term care insurance. Short-term care insurance provides coverage for nursing home or home care for one year or less.
Once a Nursing Home Resident Qualifies for Medicaid, Are There Any Rules on the Remaining $2,000 in Assets?
In order to be eligible for Medicaid benefits, a nursing home resident may have no more than $2,000 in "countable" assets.