What Is the Medicaid Look-Back Period, and How Does It Affect Asset Transfers In North Carolina?

The intricacies of Medicaid and asset transfers can feel overwhelming, especially when trying to ensure that you or your loved ones receive the care they need without undue financial hardship. This guide aims to demystify the Medicaid look-back period and its implications for asset transfers in North Carolina, offering clear, actionable information for those facing…

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What Assets Are Countable and Non-Countable For Medicaid Eligibility In North Carolina?

When it comes to Medicaid eligibility in North Carolina, understanding the difference between countable and non-countable assets is crucial. At Brady Cobin Law Group, PLLC, we’re dedicated to helping you go through this important aspect of estate planning and elder law. Let’s dive into what assets are considered countable and non-countable for Medicaid eligibility in…

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Can I Transfer Assets To My Family Members To Qualify For Medicaid In North Carolina?

Transferring assets to qualify for Medicaid is a common concern among families in North Carolina, especially when considering long-term care planning.  Medicaid Eligibility and Asset Transfer Medicaid is a critical resource for many Americans requiring long-term care. It has stringent eligibility requirements, including limits on income and assets. In North Carolina, as in other states,…

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How Can I Protect My Assets If I Need Long-Term Care In North Carolina?

As we age, the likelihood of needing long-term care increases significantly. This likelihood can be a daunting prospect, especially when considering financial implications. In North Carolina, without proper planning, the high cost of long-term care can quickly deplete your life savings and affect your family’s financial stability. At Brady Cobin Law Group, we understand these…

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Medicaid Asset Protection Trust Planning

medicaid trust planning law

Medicaid is a program that provides significant health care and long-term care benefits to many Americans who qualify. Unfortunately, to qualify for Medicaid, you must have a low income and few assets. This means that if you’ve spent a lifetime working and saving, you must take steps to qualify for Medicaid before the need arises. The…

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Tips on Naming a Trustee

Selecting a trustee should be a thoughtful decision, taking into consideration the person’s ability to manage money and make decisions. Unfortunately, that’s not usually what happens. A snap decision made so that documents can be prepared on a timely basis is not the way to pick a trustee. This person or persons will be making…

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