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The Forgotten Step in Estate Planning: Beneficiary Designations
Individuals often believe that a last will and testament is sufficient estate planning. However, a complete estate plan includes a last will and testament and planning for incapacity with a financial power of attorney and an advance health care directive. In some cases, a revocable living trust will also be included in the estate plan….
FIFTEEN MYTHS REGARDING MEDICAID NURSING HOME BENEFITS IN MAINE
This series highlights the eligibility rules for Maine Medicaid (MaineCare) nursing home benefits and dispels certain myths the families that work with our office often hear. Myth1: Medicare Will Cover My Nursing Home Bill. The Truth: Medicare pays for only a small amount of the nursing home care provided in the United States. In general,…
FIFTEEN MYTHS REGARDING MEDICAID NURSING HOME BENEFITS IN MAINE MYTH 2
This series highlights the eligibility rules for Maine Medicaid (MaineCare) nursing home benefits and dispels certain myths the families that work with our office often hear. Myth 2: I Have to Give Away Everything I Own to Get Medicaid. The Truth: Certain assets are non-countable or exempt and are typically not considered when an individual…