An article in the New York Times this morning explains what happens if your mother, who has $100,000, goes into a nursing home.
If she lives two years or more, she will run out of money and will need Medicaid to stay in a nursing home.
Cuts to Medicaid will jeopardize her health and “are a direct attack on our elderly, our disabled and our dignity.”
Read more here.
Contact our firm if you want to plan for age and disability.Special Needs Trust in Nashville, TN: How to Protect a Loved One’s Benefits While Preserving Their Future
Key Takeaways A special needs trust in Nashville, TN holds assets for a person with a disability without disqualifying them from SSI or TennCare. A direct inheritance can push a disabled person over the $2,000 SSI resource limit and cut off their benefits. Leaving...