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Does the State Have to be Named Primary Beneficiary? A common question our office receives is, “Does the state Medicaid agency have to be named primary beneficiary on the annuity contract?”.  In almost all situations, […]

Annuitizing IRAs: Will My Clients Still Meet Their RMDs? In most states, IRAs are considered countable assets for Medicaid purposes.  Rather than liquidate an IRA and risk facing large tax consequences, the client may be […]

Working with Krause Financial Services Krause Financial Services provides everything you need to help accelerate eligibility for Medicaid benefits through the use of Medicaid Compliant Annuities.  From quotes to comprehensive eligibility plans, we are here […]

Generally speaking, there are two types of long-term care planning:  Pre-planning and crisis planning.  Most elder law attorneys incorporate both into their practices, as a client’s unique set of circumstances will determine which is most […]

Note:  This blog was written prior to the publication of the Net Worth, Asset Transfers, and Income Exclusions for Needs-Based Benefits rule by the Veterans Affairs Department effective October 18, 2018.  As such, any strategies […]

In most cases, the purchase of a Medicaid Compliant Annuity requires the State Medicaid agency be named primary beneficiary up to the amount of benefits expended on behalf the of the institutionalized person.  If the […]

Earlier this month, we shared the results of the Genworth 2017 Cost of Care survey, which revealed that nursing home costs have increased steadily over the last year. Between 2016 and 2017: The average cost […]

The cost of private nursing home rooms, semi-private nursing home rooms, and assisted living rooms has increased significantly from 2016. According to the Genworth 2017 Cost of Care survey, the average cost of a private […]