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Medicaid Eligibility Rules in Maryland

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  It is important to remember the Maryland Medical Assistance, or Medicaid Eligibility Rules when thinking about planning for long term care.  In order to qualify for Medicaid, a single person can have no more that $2500 in countable assets.  At first glance, this number is alarmingly low.  You may be asking, how can anyone ever qualify with such a low figure?  That is where Medicaid planning … [Read more...] about Medicaid Eligibility Rules in Maryland

How Does a Reverse Mortgage Work?

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  A reverse mortgage is a type of home loan that is given to you as a portion of the equity in your home. These types of mortgages can also be called Home Equity Conversion Mortgages and are different than a standard home equity line of credit. A typical home equity line of credit requires that the borrower make monthly payments on principal and interest, but a reverse mortgage pays the borrower. … [Read more...] about How Does a Reverse Mortgage Work?

Free Estate Planning Seminars Next Week! Register now!

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  The estate planning seminars establishes the necessary components of an effective estate plan. The seminar is presented in a case study format profiling the life of Bill and Mary Jones. Several scenarios are used to relay the impact of estate planning issues relating to probate, disability due to incompetence, protection of government benefits for special needs loved ones, second marriages, … [Read more...] about Free Estate Planning Seminars Next Week! Register now!

The American Academy of Estate Planning Attorneys

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  The attorneys at Sinclair Prosser Gasior are members of the American Academy of Estate Planning Attorneys.  “The Academy” as it is commonly known,  is a group of attorneys dedicated to helping families plan their estate, preserve their assets and eventually distribute their wealth.  The Members of the Academy meet every six months to stay connected and educated on the latest estate planning … [Read more...] about The American Academy of Estate Planning Attorneys

Does Medicare Pay for Nursing Home Costs?

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  When considering how you will pay for nursing home costs, most people think of the following sources of payment: their income, their assets, maybe Medicare, maybe Medicaid and long term care insurance. They are certainly correct in thinking that their income and assets can pay for a nursing home. Long term care insurance will often pay depending on the policy coverage. Medicaid will pay for … [Read more...] about Does Medicare Pay for Nursing Home Costs?

A Life Estate Deed Can Be an Important Tool in Medicaid Planning

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  A particular type of Life Estate Deed can be an important tool in estate planning and Medicaid eligibility.  The titling of property is a large component of your estate planning which should be discussed when meeting with an attorney.  Often, your primary home is the first to be examined. How do you currently hold title to your house? There are a number of different ways to hold title to your … [Read more...] about A Life Estate Deed Can Be an Important Tool in Medicaid Planning

A Life Estate Deed Can Be an Important Tool in Medicaid Planning (Audio)

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  "A Life Estate Deed Can Be an Important Tool in Medicaid Planning" by Attorney Jon J. Gasior … [Read more...] about A Life Estate Deed Can Be an Important Tool in Medicaid Planning (Audio)