Gifting in 2014

By Burner Prudenti Law, P.C. / July 18, 2014 / 0 Comments

  Question:  My mother is widowed and is beginning to decline in health.  I have four siblings.  We know that in order to qualify for Medicaid, Mom cannot have more than a certain amount of assets in her name.  She rents a house, but has approximately $150,000.00 in various CD accounts.  A friend of hers […]

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Community Medicaid Income Options

By Burner Prudenti Law, P.C. / March 3, 2014 / 0 Comments

Question:  My father recently fell and broke his hip, he is coming home from the hospital and will require some help at home.   I’ve heard that Medicaid can provide those services, however he has approximately $2,000.00 per month in income and my mother has approximately $1,000.00 per month income.  Can he qualify and if so, […]

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Annuities and Medicaid

By Burner Prudenti Law, P.C. / February 19, 2014 / 0 Comments

This week’s column is a continuation of our column from last week where we answered questions regarding tax-deferred annuities, the different types and the tax benefits and consequences of purchasing or owning one. Included in the questions posed last week was “what are the Medicaid implications for the owner of an annuity.”  We address that […]

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