Catherine Jacobs has released a new edition of Medicaid Moments, the video series that helps guide older adults and their children or heirs through the complex, and sometimes confusing, landscape of elder healthcare. In this update, Catherine helps simplify the rules that govern Medicaid eligibility when only one spouse is in need of long-term care. Through real-life examples, she provides knowledge on ways the state of Michigan views asset allocation and protects the spouse who is still thriving in the couples' home.
Catherine tackles which joint assets the spouse who is not the Medicaid applicant can hold onto and dispels misunderstandings that have caused families to make mistakes — or to not apply for eligibility at all — when they need both care and financial stability the most.
She also covers the ins and outs of holding assets in a trust and the impact this has when applying for the Medicaid coverage that is designed for those with limited income.
Qualification and spend-down strategies are custom to each situation and Catherine, along with the rest of the Trusts and Estates Practice and Elder Law Practice at Warner, is here to help families turn the maze into a clear roadmap.
Click the video above to watch this edition of Medicaid Moments and look for additional Warner "Medicaid Moments" featuring Catherine Jacobs in the near future.
