Tag Archives: assets

Protecting your assets

This month, I’d like to highlight seven ways to maximize government assistance for nursing home costs. 1) Make sure that you have powerful powers of attorney. A standard power of attorney is weak at best. For example, they do not authorize the transfer of assets in order to qualify for public benefits. The ability to transfer assets to a spouse or caregiver child is an important consideration but must be done with the advice of counsel so as not to incur Medicaid penalties. 2) Know exactly when to apply for Medicaid, Social Security, Medicare, or VA Benefits. If you panic …

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