Your Estate Plan
This document allows a selected agent to access and manage bank accounts but not create or change a beneficiary designation.
What is the Statutory Form Power of Attorney?
This asset's cash surrender value is countable only if the face value value of all identical assets owned by the individual is more than $1,500.
What is a life insurance policy?
This is the asset limit for a single applicant seeking Long Term Care Medicaid.
What is $2,000 in countable resources?
This attorney has practiced in the following legal practice areas: Estate Administration, Estate Planning, Elder Law, Guardianships.
Who is Gwen?
This is the personal needs allowance.
What is $75.00?
This is the home equity limit.
What is $752,000?
This is the monthly income cap or special income level for Ohio long-term care Medicaid.
What is $2,982.00?
This is the place where you can start to determine the firm's process and roles for a team related to a specific matter type.
What are checklists?
This is the current penalty period divisor.
What is $8,669.00?
This document requires it be hand or typed written, signed by the testator or some other person in the testator's presence, and be attested to and subscribed in the conscious presence of the testator by two or more competent witnesses who saw or heard the testator subscribe to the testator's signature.
What is a Last Will & Testament?
This collection of personal property is considered an available resource.
What is a coin collection?
These are the 6 activity of daily living tasks.
What are bathing, dressing, eating (feeding oneself), grooming, mobility, toileting?
This company is an attorney-led firm that helps attorneys across the country plan Medicaid Compliant Annuities.
Who is Krause Financial?
Child comes in to do long term care planning for mom. Child is mom's agent under a statutory form power of attorney. Mom is not at the meeting.
This is the person listed as the client on the engagement letter.
Who is mom?
After the engagement letter, this is the first document created when a client hires Demarest & Demarest to do long term care asset protection planning outside of the 5 year lookback period.
What is an Asset Protection Letter?
A principal place of residence is not considered an available resource under these circumstances.
What are (1) when an individual intends to return to the principal place of residence, (2) when the home is occupied by the individual's spouse, (3) when the home is occupied by a dependent relative, (4) when the home sale would cause undue hardship due to loss of housing for the co-owner, (5) the individual left the home due to domestic abuse and has not established a new principal place of residence, and/or (6) the property is essential for self-support?
These are the CSRA lower and upper range values.
What are $32,532.00 and $162,660.00?
This realtor has worked with Demarest & Demarest on multiple occasions, owns an auction company, and is highly experienced in Medicaid home sales.
Who is Karen Huelsman?
This irrevocable trust shall by executed by the grantor, the grantor's spouse, a person with legal authority to act in place of the grantor or the grantor's spouse, or a person acting at the direction of the grantor or the grantor's spouse.
What is a Qualified Income Trust?
This common estate planning document is often misunderstood to protect an individual's resources from Medicaid availability when assets are retitled in its name.
What is a Revocable Living Trust?
Medicaid Eligibility Procedure Letter (MEPL) No. 164, issued May 26, 2022, addressed the policy with regard to treatment of funds associated with this asset.
What is an Individual Retirement Account?
These forms shall accompany an initial long term care Medicaid application.
What are the cover letter, Application (JFS 7200), and Designation of Authorized Representative (ODM 06723)?
This pooled trust organization is often used by Demarest & Demarest for planning.
Who is the Dayton Disability Foundation?
This trust is managed by a non-profit organization, contains assets of an individual of any age who meets the Social Security definition of disability, and can be established by the disabled individual, parents, or grandparents.
What is a pooled trust?