The leading provider of medicaid compliant annuities

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We are the Elder Law Industry's EXPERTS IN CRISIS PLANNING

We are an attorney-led financial services firm that specializes in crisis Medicaid planning through the use of Medicaid Compliant Annuities and other insurance products. For over 30 years, we have worked with elder law attorneys and their clients to accelerate eligibility for benefits and provide relief from the financial hardship of long-term care.

Customized Client Strategies
Powerful Insurance Products
Unmatched Industry Support

We Develop CUSTOMIZED STRATEGIES

No matter your client's situation, our staff will tailor the perfect, state-specific solution to achieve relief from the high cost of the nursing home. Learn how one of our cutting-edge strategies can help your clients today.

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We Offer POWERFUL PRODUCTS

Coupled with our industry expertise, our product offering is second-to-none. From proactive planning situations to fast-moving crisis scenarios, we have the tools to help your clients preserve their assets and pay for long-term care.

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We Provide UNPARALLELED SERVICE

Our dynamic team is the best at what we do. We work diligently to provide first-class support to attorneys and their staffs. Plus, with in-house legal counsel to help back your case, you can rest easy in your decision to work with Krause.

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25 PROFESSIONALS ON STAFF + IN-HOUSE SUPPORTING COUNSEL

400 CASES RESOLVED PER MONTH

5,000 ATTORNEY CLIENTS ACROSS THE NATION

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Learn How We Work Together with a FREE DISCOVERY CALL

If you're ready to learn more about incorporating Medicaid planning into your practice, book a free consultation with one of our experts. From a quick phone call to a detailed strategy session, this demo is tailored to fit your needs (and your schedule).

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See What Others are Saying About our INDUSTRY-LEADING SUPPORT

“When I'm working with Krause on an annuity plan, I know that it's going to be handled timely and professionally, and they understand all of the rules that are pertinent to my clients' matters.”

BRENNA GALVIN, J.D. Maser, Amundson, Boggio, P.A.

“I would recommend Krause as a resource to anyone without hesitation.”

Dave Nesbit, Esq. Keystone Elder Law P.C.

“Everyone we work with is so helpful. They provide us with detailed analysis and case studies that we can present to our clients to get the best results — and that's thanks to Krause.”

MICHELLE BERK, ESQ. Law Offices of Michelle C. Berk, P.C.

“Krause is an excellent resource. Get to know them. They'll be a benefit to you and a benefit to your practice, as well as your clients.”

Jerold E. Rothkoff, Esq. Managing Attorney at Rothkoff Law Group

“I've trained hundreds of lawyers and that’s always been my recommendation – work with Krause.”

Jeffrey Bellomo, Esq. Bellomo & Associates, LLC

Check Out our Latest ELDER LAW UPDATES

 
May 13, 2021
Elder Law Attorney News Featuring Steve Riley, J.D. Join Legal Affairs Advisor Andrea Gage-Michaels, J.D., as she sits down with Steve Riley, J.D., Certified Practice Advisor for Atticus—a practice development firm that helps attorneys take control of their firm and grow their revenue in the process.

In this in-depth interview, Steve discusses the key pieces attorneys need to recognize in order to build a profitable law firm. He tackles everything from dealing with under-performing employees, the importance of consistent marketing, and what attorneys should consider when deciding between an hourly and flat fee-based service agreement with clients. Plus, he shares his four cornerstones for a successful practice.
Watch Now >>
When you have a senior client seeking Medicaid benefits, existing annuities can pose a problem. Certain annuities may be deemed a countable asset, while others may count as a divestment. In some cases, your client’s annuity may be sold on the secondary market, and they can use the resulting funds to purchase a Medicaid Compliant Annuity and pursue Medicaid eligibility. Fortunately, we offer complimentary annuity valuation services and can get your client competitive offers on their contract. Here’s what you and your client can expect from the secondary annuity market. Step 1: You send us your client’s contract. Once you send in your client’s contract, we review it and determine if it can be sold on the secondary market. The most common types of annuities we evaluate are contracts that were purchased by seniors to provide income during their retirement years. In order to be sold on the secondary annuity market, the contract must meet the following requirements: • Funded with non-qualified, after-tax dollars • Annuitized and making regular payments • No cash or surrender value option available • Not an IRA • Making payments for a certain, guaranteed period OR include a guaranteed cash benefit payout option upon the owner’s death Read more: What is a Medicaid Compliant Annuity? Step 2: We assess the contract’s value and present multiple offers. After verifying the annuity meets these specific requirements, we assess its value. To do so, we send the contract details to secondary market companies that regularly purchase annuities in exchange for offer letters. We typically compile at least three offers to establish the annuity’s Fair Market Value and ensure the transaction is not penalized for Medicaid purposes. Our sister company, Krause Annuity Services, may also bid on the contract if it meets certain criteria. Once all offers are compiled, we send them to you to present to your client. Step 3: Your client accepts an offer and completes the paperwork. Your client chooses an offer to accept, and our office assembles the necessary paperwork to complete the sale. In most cases, the secondary market company takes over the ownership, payee, and primary beneficiary designations on the contract. After all the documents are completed and signed, our office sends them to the insurance company and follows up until all applicable ownership and designation changes have been completed. Then, the secondary market company releases the funds to your client, either by wiring the funds or mailing a check. As the new owner, payee, and beneficiary, the secondary company takes over the contract and receives all remaining payments as well as any death benefit of the annuity. Step 4: Your client receives the cash. The timing of this process can vary depending on the processing times of the insurance company and whether any additional information is required. However, when you work with us, the typical timeframe for the entire process, from start to finish, is 5 to 14 business days. On a case-by-case basis, our office may be able to release the payment prior to completion in order to meet specific deadlines for Medicaid eligibility. If your client has a non-compliant annuity and is looking to qualify for Medicaid, contact our team at Krause Financial Services to find out if the contract can be sold on the secondary market.
Oct 19, 2021
Recent Blog Post: What to Expect from the Secondary Annuity Market Read Article >>
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Oct 13, 2021
Industry News: Social Security COLA for 2022 Largest in Decades Read Article >>

Join Us at One of our UPCOMING EVENTS

October
28
INDUSTRY EVENT:
17th Annual Elder Law Short Course
Organized by: IICLE
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November
2
INDUSTRY EVENT:
58th Annual NAEPC Virtual Advanced Estate Planning Strategies Conference
Organized by: NAEPC
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November
11
INDUSTRY EVENT:
2021 Atticus Summit
Organized by: Atticus
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November
11
UPCOMING WEBINAR:
The Importance of an Integrated Marketing Strategy
Presented by: Jim Wolverton, J.D.
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December
1
INDUSTRY EVENT:
ElderCounsel Immersion and Practice Building Camp
Organized by: ElderCounsel
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