Rocco Beatrice's Articles in Elder Care

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How the Nursing Home Spend-Down Program Affects You and Your Family The nursing home spend-down instituted by the Federal Government means that you, a senior, need to have spent your assets 5 years previous before you are admitted into a nursing home and subsidized by the government. Hide My Assets From Medicare How the new Medicaid spend-down provisions can affect seniors and what are the options to obtain government assistance for the Medicare nursing home program. Protecting Assets From Nursing Home Costs Protecting senior/elder assets before entering nursing home. Planning for your reducing your nursing home costs has to be done early and definitively 5 years before you plan to get sick. If offering is a taxable gift then taxes are paid on the gift by the transferor; oppositely, the receiver obtains the gift tax-free. Asset Protection From Medicaid Asset protection Medicaid. Individual transfers assets before entering nursing home. Grantor, trustee and beneficiary of trust use irrevocable trust to manage and protect assets.

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