Listen to Lawrence…Medicaid Adjustments for 2021

DAVIDOWLAW Uncategorized

There are other annual adjustments to Medicaid that you should know about. How much money (or other assets) can you keep in your name and still be eligible for Medicaid? The answer is now $15,900. How much money can be kept by the spouse of a person in a nursing …

Listen to Lawrence…New Medicaid Regional Rates

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NEW REGIONAL RATES As we welcome in 2021, I want to thank all of you for helping me get through 2020 and all its pandemic fears and isolation. Beyond my personal family and friends, staying connected with you, our literally thousands upon thousands of clients and friends of Davidow, Davidow, …

Listen to Lawrence…Medicaid’s Treatment of Trust Income

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LISTEN TO LAWRENCE Dear clients and friends, Here are two questions from one of my readers: QUESTION ONE We have an Irrevocable Medicaid Asset Protection Trust with your firm. First question is concerning interest income from a trust savings account, would Medicaid be able to take the interest (if applying …

Listen to Lawrence…Is my life insurance taxable?

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LISTEN TO LAWRENCE Dear clients and friends, Here is another one of your questions and my response: CLIENT QUESTION Is my life insurance taxable? MY RESPONSE People often overlook their life insurance when they do their estate planning…..but this could be a big mistake. While life insurance proceeds are generally …