http://title19ct.com/2008/12/19/connecticut-medicaid-2009-2010/ Sun, 27 Jun 2010 12:32:13 -0500 hourly 1 http://wordpress.org/?v=3.0 http://title19ct.com/2008/12/19/connecticut-medicaid-2009-2010/comment-page-1/#comment-33 Attorney Richard Shea Thu, 11 Jun 2009 23:20:09 +0000 http://www.shealawonline.com/blog/?p=139#comment-33 There are several options that may be available to protect their assets. Health, family relationships, the value and type of assets involved all play a large role in determining the right plan. Review http://title19ct.com/2007/07/23/title19estateplan/ for an example of how I helped a family protect $1 million from nursing home bills. Every case is different however, for a custom and confidential asset protection plan feel free to contact me. There are several options that may be available to protect their assets. Health, family relationships, the value and type of assets involved all play a large role in determining the right plan. Review http://title19ct.com/2007/07/23/title19estateplan/ for an example of how I helped a family protect $1 million from nursing home bills. Every case is different however, for a custom and confidential asset protection plan feel free to contact me.

]]> http://title19ct.com/2008/12/19/connecticut-medicaid-2009-2010/comment-page-1/#comment-32 Sallie Wed, 10 Jun 2009 14:41:41 +0000 http://www.shealawonline.com/blog/?p=139#comment-32 I thought your articles were very helpful. One of my 80 year old parents has been in a nursing home for 4 weeks...hopes to return home but is likely to have serious health issues in not too distant future. My parents own their home & investments jointly without any trusts established and their total estate is about 960,000, including IRAs. What can they do at this point to avoid the ailing spouse having to use up 650,000 (everything but the 200,000 house and 109,560 for CSPA for the healthy spouse) before qualifying for medicaid? Is the healthy spouse's $110,000 IRA also subject to being used up/counted in the CSPA? I thought your articles were very helpful. One of my 80 year old parents has been in a nursing home for 4 weeks…hopes to return home but is likely to have serious health issues in not too distant future. My parents own their home & investments jointly without any trusts established and their total estate is about 960,000, including IRAs. What can they do at this point to avoid the ailing spouse having to use up 650,000 (everything but the 200,000 house and 109,560 for CSPA for the healthy spouse) before qualifying for medicaid?
Is the healthy spouse’s $110,000 IRA also subject to being used up/counted in the CSPA?

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