If a person provides gifts within five years of the Medicaid application, then the County Board of Social Services will presume that those gifts were provided for Medicaid planning. The individual who provides gifts within five years of the application…
Author: markelderlaw
Remote Notary Law
Governor Murphy has signed a bill into law that now allows for remote notarial acts during the coronavirus pandemic emergency. This new law is effective immediately and will continue to be valid until the rescission of Governor Murphy’s Executive Order…
Change in Medicaid Laws: Minimum Amount Increases for Healthier Spouse
When a healthier spouse requires long-term care in a nursing home facility, then that care can quickly deplete the family’s life savings. Fortunately, there are federal and state laws that prevent the healthier spouse from being impoverished. When a spouse…
Read More Change in Medicaid Laws: Minimum Amount Increases for Healthier Spouse
Additional Rules Concerning a Qualified Income Trust
New Jersey permits a person to reduce his or her monthly income below the Medicaid income cap through the use of a Qualified Income Trust, also known as a QIT. There are legal requirements, however, for the establishment of a…
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Qualified Income Trust Can Reduce Income to Qualify for Medicaid
In order to qualify for Medicaid to pay for long-term care, a person must have little assets and must also have a monthly income that is less than the “income cap”. Beginning January 2020, the Medicaid income cap in the…
Read More Qualified Income Trust Can Reduce Income to Qualify for Medicaid
Law Office of Donald B. Mark 