October is here as is National Special Needs Law Month. Special needs law involves legal support that may be necessary for individuals with physical or mental disabilities. Special Needs Law Month is a time to educate people about the legal…
Author: markelderlaw
Changes to Medicaid Rules for Married Couple
When a spouse requires long-term care it can result in devastating financial hardship for the healthier spouse. There are special federal and state laws, however, that prevent the healthier spouse from being impoverished. One of these provisions of the laws…
New Medicaid Rules Concerning Spousal Support
If a spouse requires long-term care then Medicaid has strict rules with respect to resource and income eligibility. After the family’s resources are spent down, then the institutionalized spouse will be entitled to Medicaid assistance to pay for his or…
Medicaid Laws for Gifting Assets
Medicaid provides coverage for an individual’s long-term care costs, including institutional care in a facility. An individual must be poor in order to qualify for Medicaid. Medicaid has stringent rules relating to financial eligibility, including the five year look-back rule. …
Changes for the Gift Tax and Estate Tax
Prior to 2023, the maximum amount that a person could gift without filing a gift tax return was $16,000 per person. If an individual transferred gifts worth more than $16,000 to one person in a year, then the person who…
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