Krause Financial Services

My office receives no shortage in calls from attorneys and agents whose clients received an inheritance or had a home sale in the midst of a Gifting/Medicaid Compliant Annuity plan (also referred to as a Half-a-Loaf plan).

In a Wisconsin decision dated January 18, 2013, a married couple purchased prepaid funeral policies for themselves, their children, and their children's spouses. Policies were purchased for 13 family members...

In the matter of Landy v. Velez (U.S. Dist. Ct., D.N.J., No. 2:11-5862 (KM), July 17, 2013), a federal district court considered three promissory notes purchased by two Medicaid applicants to be available, countable resources....

Today, many people worry about long-term care yet do nothing about it. And, when one spouse enters a nursing home, we all know that the community spouse can protect all of the couples' assets and allow the institutionalized spouse to qualify...

Assisted living facilities are an important component of the long-term care system. I'm continually surprised by the amount of elder law attorneys that are unaware of the opportunities involved in expanding their services to residents of assisted...

In the matter of Carlini v. Velez (U.S. Dist. Ct., D.N.J., No. 12-7290 (JEI/KMW), June 4, 2013), the Burlington County Welfare Agency ("CWA") of New Jersey took issue with a standard set of language found in a Medicaid Compliant Annuity policy.

In that my office generally does not work with the public, but rather with attorneys and insurance agents, I don't hear this as often as I'm sure you do when it comes to plans involving Medicaid Compliant Annuities.

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.