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Tag: federal statute

09Aug

Medicaid Laws Allow the Transfer of Assets to a Disabled Individual

Posted by markelderlawon August 9, 2021in Medicaid
father smiling with disabled grandson

An individual who requires long-term care will be eligible for Medicaid if the assets are spent down to less than $2,000.  There are both federal and state Medicaid laws, however, that prevent a person from gifting assets to family members…

Read More Medicaid Laws Allow the Transfer of Assets to a Disabled Individual

15Sep

Federal Court Allows Annuity Strategy to Protect Assets

Posted by markelderlawon September 15, 2020July 2, 2021in Long-Term Care
senior couple walking along street with trees

The United States District Court for the District of New Jersey has issued an important decision concerning the use of annuities for Medicaid planning.  The Honorable William J. Martini rendered this favorable decision in the case of Jane Cushing v.…

Read More Federal Court Allows Annuity Strategy to Protect Assets

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