Prior to the Deficit Reduction Act of 2005 (”DRA“), in many states, Crisis Medicaid Planning allowed individuals to plan their affairs on a last minute basis. As such, most individuals chose to plan their affairs when they were faced with an actual nursing home stay. Now, with DRA in place, some of the generally accepted and widely used Medicaid planning techniques, including monthly gifting plans, have been eliminated. With the new 60 month look-back for all transfers, and wit ...
Krause Financial Services is pleased to announce its newest Medicaid Planning product, entitled ”Capital Transfer.“ Capital Transfer is a single premium, guaranteed issue life insurance policy, with no cash value. For Medicaid planning purposes, the Capital Transfer product will be treated as a countable resource with a $0.00 valuation. This Medicaid planning strategy allows an individual to immediately eliminate his or her spend-down amount.
How does Capital Transfer work?
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