K. Gabriel Heiser, J.D., is an attorney with over 25 years of experience in elder law and estate planning. He is the author of "How to Protect Your Family's Assets from Devastating Nursing Home Costs: Medicaid Secrets," an annually updated practical guide for the layperson.
Do you need to file a Will for probate in the state of Florida if everything is in joint accounts and left to...
Can my Mom spend down some of my Dad's half to fix items for her home?
We are trying to get our grandmother qualified for Medicaid. Advice?
My grandfather bought me a home in 2011 and in 2013 his name was taken off and my name remained. Advice?
Can I set up some sort of trust that would enable my brother to get into an assisted living situation?
My Mom is a beneficiary to a life insurance policy. How can she avoid this affecting her community Medicaid?
Does anyone know if the book "Medicaid Secrets" by K. Gabriel Heiser accurate for Louisiana?
What is the criteria for qualifying for Medicaid?
Medicaid will not allow me to keep enough money to pay my medical bills after insurance. Why?
If Mom's house is in a Medicaid trust and needs repairs, am I allowed to pay for those repairs with her income...
How can I stop my Mom's Will from going intestate?
How to cancel a Will?
Can sell my car for funeral policy etc. before I resubmit for Medicare?
How do I get POA Healthcare for my sister who has a mental illness and has been in a psychiatric hospital for...
Who is responsible for bills when parents die?
I have POA for my Mom, but banks are not accepting my legal forms. Any advice?
Mom and Dad had a trust to avoid probate. Do we need to hire a lawyer?
Anyone have experience with a revocable trust that has been set up by an elder care attorney?
What is the maximum dollar amount Medicaid allows for household expenses during the Medicaid spend down?
What are valid expenses that reduce income to avoid exceeding the Medicaid income limit?
Other states allow the applicant to set up a Qualified Income Trust (also known as a Miller Trust) to hold the income. The income is paid into the trust and the trustee pays it over to the nursing home, and Medicaid pays the difference between the income and the nursing home cost.
In short, it is virtually impossible to have too much income regardless of the state you are in, unless the income is so high that it exceeds the actual cost of the nursing home. see more