Elder Law Today Podast Show #14 Married Couple - Crisis Long Term Care Planning Elder Law Today Podcast

So after listening to
Show 13 you’re thinking, we should have taken action
immediately after Dad’s diagnosis but didn’t so now what
do we do? In the 14th installment of his audio podcast,
Yale Hauptman discusses just that scenario, crisis planning.
Although the picture is more complicated all hope is not lost.
Yale discusses some of the options still available to families, but
timing is a key.

Yale explains how the
home as an exempt asset under Medicaid rules can be used to help the
healthy spouse preserve more than the maximum otherwise allowable
under Medicaid rules. That could include buying a bigger house or
making improvements on a current home. Learn why a reverse mortgage
now is replacing a home equity loan or line of credit as the only
option in crisis planning for many families. Yale also discusses
ways to pay down debt that benefits the healthy spouse and other ways
to help preserve hard earned money for the community spouse, who just
won’t be left with much under current Medicaid rules without
creative planning.









Be sure to tune in for
a concise 10 minute discussion of Medicaid crisis planning that will
give you an overview of what still is possible, even if you have
failed to early action, but time is running out.







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