As we get older, the realities of what it takes to plan for long-term care sets in. But as people start to realize how complicated the process can be, they wait too long and run out of time. This leads to difficulties trying to secure the funding they need for their loved ones or themselves.
In part two of this mini-series, David Pulcini and attorney Ken Kraus continue their discussion about Medicaid and long-term care planning. David and Ken take a closer look at exactly what you should be doing to proactively protect your assets and ensure your loved ones get the care they need.
David and Ken discuss:
- Understanding the often complicated eligibility rules when applying for Medicaid and long-term care
- The initial three steps you might not know about when it comes to Medicaid planning
- The difference between your exposed and exempt assets, and how that is key to finding out what exactly is protected
- A quick look into what the Medicaid application process looks like
- And more
Connect with David Pulcini:
- Connect with David Pulcini on Linkedin
- Follow SixPoint Financial on LinkedIn
- Follow SixPoint Financial on Twitter
- Follow SixPoint Financial on Facebook
- Check out SixPoint Financial’s website
About our Guest: Kenneth R. Kraus is a partner of the firm Evans Fox, and a graduate of the SUNY at Buffalo Law School and a graduate of Canisius College in Buffalo, New York. Ken is an active member of the Trust and Estates and Elder Law Sections of the New York State and Monroe County Bar Associations, the Estate Planning Council of Rochester, NY, and the National Academy of Elder Law Attorneys, Inc.
Ken works with families to help them understand the complexities of long-term care financing, including Medicare, Medicaid, home care and nursing home planning. Ken helps individuals and families prepare their estate plan, including Wills, asset protection Trusts, Supplemental Needs Trusts (SNTs), Powers of Attorney and Health Care Proxies. He also assists with the probate process including the preparation of income, fiduciary, gift and estate tax returns and the sale of real estate.