Navigating Medicaid can feel like decoding an intricate puzzle. One crucial aspect is the 5-year “Look Back Period,” which significantly affects eligibility. The Look Back Period is meant to “prevent Medicaid applicants from gifting assets, including selling them under fair market value, to meet Medicaid’s asset limit.” It begins on the date of a Medicaid application and…
Long-term care is an essential aspect of planning for our aging population. The National Institute of Aging (NIA) defines it as “long-term care involves a variety of services designed to meet a person’s health or personal care needs when they can no longer perform everyday activities on their own.” It includes medical care and assistance with daily activities. …
Kentucky Medicaid eligibility provides essential healthcare coverage for low-income individuals and families through the state’s Health and Family Services program. This comprehensive guide explains Medicaid eligibility requirements in Kentucky, the application process, and strategies to secure benefits while protecting your assets. Understanding Kentucky Medicaid Basics Medicaid serves as a crucial safety net, offering healthcare coverage…
Protect Your Home and Savings With Medicaid and Medicare Planning in Kentucky Most people hope to die peacefully at home in their beds. But the reality is that nearly 7 out of 10 Americans will spend time in long-term care before they pass. The average length of stay in a long-term care facility in Kentucky is 3.8…
What will happen to your family if you pass away unexpectedly? If you pass away without an Estate Plan in place, the government will decide what happens with your estate. Don’t leave your estate in the hands of the government. The courts will decide who takes custody of your kids if they’re under the age…
Local Firm’s Steady Growth Requires Additional Staff July 18, 2022, Richmond – Elder Law Guidance, The Elder Law Practice of Scott E. Collins, PLLC, today announced it has hired three new employees due to recent growth with new and existing clients and expanded services to surrounding counties. All three employees happen to be Madison County…
By Scott Collins, Esq. We raised them, fed them, educated them, and sent them into the world to be self-reliant. Yes, some may have “boomeranged” back for a spell after a major life change, but one of our goals as parents is to help our children lead independent lives. So how do we keep ourselves…
UK Law Grad, Knox County Native Joins Expanding Local Firm June 30, 2022, Richmond – Elder Law Guidance, The Elder Law Practice of Scott E. Collins, PLLC, is pleased to welcome a new law clerk, Sarah-James Sendor, to the firm. Sendor has served as a law clerk at law offices throughout Central Kentucky and in…
By Scott E. Collins, Esq. Are you working with an attorney to navigate Medicaid and long-term care, securing veterans benefits or getting your Last Will and Testament finalized? Want the inside track on what they should be offering you, but aren’t? As an attorney who specializes in elder law, I can tell you what to…
By Scott E. Collins, Esq. Last month I shared how we were taught all the wrong retirement money rules. So on the same note, I want to share the 5 biggest money mistakes I see people make when they come to me for counsel on long-term care, saving their home, and making their life…