Estate Planning Should be an Integral Part of Medicaid Planning (Part 2)
Last week, this column analyzed a strategy to maximize the funds which can be set aside under current law, when one spouse may need Medicaid in the future. A reader with initials T.R. stated that his wife’s worsening dementia caused her to need nursing home care. I suggested that he be in contact with Medicaid immediately, so that he could maximize the spousal protected resource allowance granted by law. That strategy would legally allow him to keep more money for his own sec