Outstanding most detailed outline of MAPTs, how's and why's, and the real Trust one needs before poor health comes knocking at the door. Thank you!! This should be taught to the general public, maybe even starting in high school and college. Definitely at the community level. Medicare, Medicaid, and Probate laws keep people poor or cause too many family problems because of health care costs or money. That should not be something to worry about in life or death .
Thanks very interesting. Maybe you could clarify something for me. Lets say I have 150k in an IRA. Having that much I will never qualify for Medicaid correct? So I'd have to use the IRA money to pay for a private facility till it's all gone correct? So could I put the IRA into the Trust 5 years prior and safe that assets also?
Thank you for this video...I haved learned so much! I need help with a situation that I am currently being faced with unfortunately. I am a healthy 58y/o who has fallen in love with a 69 y/o who has been recently dx with Parkinson's disease stage 1. He is very active and disciplined with his diet and is wanting for us to be married sooner rather than later. I own several homes and other properties and am concerned about my 3 children's inheritance as well as my potential loss of retirement funds for myself and also for my future husband. I am considering setting up a MAPT now before marriage. What would happen if I set one up now and 6 months down the road get married and if he were to become ill? 1. Would medicaid look and consider my mapt and look back period for His care? 2. Would I have to use my investments/401k, 403b for the spend down? We are all going to end up with some kind of diagnosis sooner or later but this is something that we do know about now and I feel like we should prepare for especially since we are aware of it. Please help me with any advise you can offer.....Thank you!
I'm trying to figure out if a home can be protected from medicaid for my aunt. She had a horrible accident at home and has irreversible brain damage and needs to go to facility skilled nursing care. Dementia She only has her home and social security. It is so complicated to me. It's hard to know. I did get attorney/ conservator and the appointment will be in place Jan 5. She lived alone and no mortgage Her brother in law ( from her deseased husband) I feel should be able to get the house when she passes. Anyway, need her in 24/7 care now and she has no mental capacity to care for herself. The conservator/ guardian should be getting the medicaid for her care. I'm so nervous and stressed. We live in Alabama
Monthly funds from pensions; social security; interest; dividends; RMDs; and annuity payments exceed Long Term Care. Does Medicaid have a right to claw back these monies to pay for care?
From what I understand, SS & Pensions are resources & not considered income. So they are not included in Trusts & will not be impacted for Medicaid. Interest, dividends & RMDs are considered income and will be used for your care.
Outstanding most detailed outline of MAPTs, how's and why's, and the real Trust one needs before poor health comes knocking at the door. Thank you!! This should be taught to the general public, maybe even starting in high school and college. Definitely at the community level. Medicare, Medicaid, and Probate laws keep people poor or cause too many family problems because of health care costs or money. That should not be something to worry about in life or death .
Thank you for the education you've imparted upon me, Mr. Ettinger
3:41 pm EST Can Ettinger Law practice in the state of Georgia?
Thanks very interesting. Maybe you could clarify something for me. Lets say I have 150k in an IRA. Having that much I will never qualify for Medicaid correct? So I'd have to use the IRA money to pay for a private facility till it's all gone correct? So could I put the IRA into the Trust 5 years prior and safe that assets also?
Yes definitely
Is there a way around the 5 year look back?
Do you practice in florida or have a recommendation
Do this apply to property in las vegas
Do you have a recommendation for good Elder Law attorney like you in San Diego?
Good information. Would a MAPT work in Texas? How can I obtain a copy of your e-book?
Has anyone ever used one of these that worked without a DIY forger or counterfeiter stealing it?
Thank you for this video...I haved learned so much! I need help with a situation that I am currently being faced with unfortunately. I am a healthy 58y/o who has fallen in love with a 69 y/o who has been recently dx with Parkinson's disease stage 1. He is very active and disciplined with his diet and is wanting for us to be married sooner rather than later. I own several homes and other properties and am concerned about my 3 children's inheritance as well as my potential loss of retirement funds for myself and also for my future husband. I am considering setting up a MAPT now before marriage. What would happen if I set one up now and 6 months down the road get married and if he were to become ill? 1. Would medicaid look and consider my mapt and look back period for His care? 2. Would I have to use my investments/401k, 403b for the spend down? We are all going to end up with some kind of diagnosis sooner or later but this is something that we do know about now and I feel like we should prepare for especially since we are aware of it. Please help me with any advise you can offer.....Thank you!
oh, I live in the state of North Carolina
I'm trying to figure out if a home can be protected from medicaid for my aunt. She had a horrible accident at home and has irreversible brain damage and needs to go to facility skilled nursing care. Dementia She only has her home and social security. It is so complicated to me. It's hard to know. I did get attorney/ conservator and the appointment will be in place Jan 5. She lived alone and no mortgage Her brother in law ( from her deseased husband) I feel should be able to get the house when she passes. Anyway, need her in 24/7 care now and she has no mental capacity to care for herself. The conservator/ guardian should be getting the medicaid for her care. I'm so nervous and stressed. We live in Alabama
As a single person, the house is considered & must be sold to pay for her care... So sorry 😢
Monthly funds from pensions; social security; interest; dividends; RMDs; and annuity payments exceed Long Term Care. Does Medicaid have a right to claw back these monies to pay for care?
From what I understand, SS & Pensions are resources & not considered income. So they are not included in Trusts & will not be impacted for Medicaid.
Interest, dividends & RMDs are considered income and will be used for your care.