Blog

- Articles to Help Build Your Practice -

Immediate Annuities: Understanding the Parties

POSTED ON - January 16, 2019

Written By Dale Krause J.D., LL.M.

First, what makes an annuity “immediate” For an annuity to be “immediate,” it must be annuitized.  Once annuitized, the product no longer has cash surrender value, unlike tax-deferred annuities which always have cash value.  For […]
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Does the State Have to be Named Primary Beneficiary?

POSTED ON - March 15, 2018

Written By Krause Financial Services

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, […]

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Annuitizing IRAs: Will My Clients Still Meet Their RMDs?

POSTED ON - March 2, 2018

Written By Krause Financial Services

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 […]

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Working with Krause Financial Services

POSTED ON - February 28, 2018

Written By Krause Financial Services

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 […]

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Pre-Planning vs Crisis Medicaid Planning

POSTED ON - February 13, 2018

Written By Krause Financial Services

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 […]

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Successful VA Annuity Case: Using an Annuity Post-Eligibility

POSTED ON - January 31, 2018

Written By Krause Financial Services

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 […]

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What if the Owner of a Medicaid Compliant Annuity Passes Away?

POSTED ON - November 2, 2017

Written By Krause Financial Services

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 […]

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Most and Least Expensive States for Long-Term Care (2017)

POSTED ON - October 18, 2017

Written By Krause Financial Services

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 […]

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2017 Long-Term Care Costs Rise

POSTED ON - October 5, 2017

Written By Krause Financial Services

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 […]

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