Daily Archives: January 9, 2018

Does Your Power of Attorney allow the Agent to establish a Qualified Income Trust?

Does Your Power of Attorney allow the Agent to establish a Qualified Income Trust? Several times a year I will meet with clients that have a Power of Attorney that does not specifically provide authorization for the Agent to establish a Qualified Income Trust or any other type of trust.  Unfortunately for those clients whose…

Medicaid Income and Asset Limits for Long Term Care updated January 1, 2018

Medicaid Income and Asset Limits for Long Term Care updated January 1, 2018 Each year under Federal and State Law the Income and Asset limits determining Medicaid eligibility are updated.  SSI (Supplemental Security Income) programs include Medicaid programs for individuals that are 65 years or older or disabled.  The Financial Standards list is available at:…