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“Name on the Check Rule” Win in Indiana

POSTED ON - July 6, 2020

Written By Amy Beacham

In a breaking decision out of Indiana, the state’s Court of Appeals ruled in favor of the “Name on The Check Rule” on a case where a Medicaid applicant was denied benefits due to having […]
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Women and Nursing Home Care

POSTED ON - October 24, 2008

Written By Krause Financial Services

  Recent statistics clearly show that in the average nursing home, women residents outnumber men by three to four. Why is this? The answer is simple, women live longer than men. As a result of living […]

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Long Term Care Insurance – Is it a Necessary Evil?

POSTED ON - October 17, 2008

Written By Krause Financial Services

  According to statistics reported by the American Association for Long-Term Care Insurance, only 400,000 long term care policies were sold in 2007.  With long term care situations occurring at a greater frequency, it is […]

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Annual Exclusion Gifting and Medicaid Planning

POSTED ON - October 13, 2008

Written By Krause Financial Services

  The current IRS rules allow a donor (“each one of us”) to give away up to $12,000 per year to any number of donees, and the gift or gifts do not require the donor […]

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Countable IRA Accounts in Medicaid Planning

POSTED ON - September 30, 2008

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

  Recently in Texas, I worked with an elder law attorney who had a Medicaid case involving a community spouse who had a very large IRA account. With the IRA account being unprotected – a […]

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Veterans Planning and Medicaid Compliant Annuities

POSTED ON - September 26, 2008

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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Funding a Long-Term Nursing Home Stay

POSTED ON - September 24, 2008

Written By Krause Financial Services

  In cases where a widow or widower has significant wealth, is in good health, and wants to protect his or her assets from a potential long-term nursing home stay, the best course of action […]

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Long-Term Care Insurance – How Much Is Enough?

POSTED ON - September 23, 2008

Written By Krause Financial Services

  According to the American Association for Long-Term Care Insurance, 20% of the elderly require more than five years of long-term care, another 20% require two to five years and 30% require two years or […]

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Partial Cures

POSTED ON - August 4, 2008

Written By Krause Financial Services

  In a recent Medicaid case in the State of Ohio, a county caseworker took the position that a partial cure of a gift would over-resource the Medicaid applicant.  At Krause Financial Services, it has […]

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