Krause Financial Services, Inc.

It's quite common for a family to bring in documentation for a handful of old life insurance policies during your planning meetings.

As an elder law attorney, you know that it is relatively easy to qualify an institutionalized spouse for Medicaid benefits by converting the excess countable resources into monthly income for the community spouse by way...

As Veterans Benefits planning increased in popularity, so did the use of insurance products in the planning marketplace. On the rare occasion one would see an immediate annuity incorrectly classified as a portion of a veteran's net worth.

The goal in planning for an institutionalized individual with diminished longevity is to allow the individual to immediately qualify for Medicaid, while reducing the reimbursement claim to the Medicaid program and creating the greatest possible...

You're not alone. If you're not an insurance agent annuities can be confusing. I'm frequently asked questions regarding the difference of annuities, and how the difference kinds are treated for eligibility purposes.

I had written a prior post briefly discussing the options available when a client comes into your office with a "bad" annuity. Within that post, I mentioned the three primary options were (1) exchanging the annuity...

Personal Services Contracts ("PSKs") are widely used in Florida as a Medicaid spend-down tool and allow for immediate Medicaid eligibility. If used alone, the PSK poses three non-Medicaid problems...

"Then what's the point of using a Medicaid Compliant Annuity?" I hear this quite often, in both working with newer elder law attorneys and families of the elderly. With the state Medicaid agency required to be a beneficiary..

Social Security and Supplemental Security Income The Social Security Administration recently announced that the monthly Social Security and Supplemental Security Income benefits will increase by...

It's common knowledge that American's are living longer and because of it the risk of age-related impairments increases. We know the statistics. We know everyone thinks it won't happen to them. We've heard it all.