by Patrick Quarles | Apr 6, 2021 | Medicaid Planning
I’ve had many conversations with families on the pros and cons of Medicaid. Many families feel that the Medicaid process is too stressful or do not understand how it will benefit their loved ones. This is especially true with Medicaid because of the specialized...
by Patrick Quarles | Mar 23, 2021 | Medicaid Planning, Uncategorized
Florida’s Medicaid rules are numerous and often confusing. We explain why planning for Medicaid is so important here. One theme that is consistent in Florida, is that the state would rather pay public benefits for one person if it will keep two or three of their loved...
by Patrick Quarles | Mar 19, 2021 | Medicaid Planning
Florida has a reputation for being home to many Americans who are advanced in age. This is for several reasons: no state income tax, beautiful weather, beaches, and affordable cost of living. One reason that is very important, but often overlooked, is that our rules...
by Patrick Quarles | Feb 26, 2021 | Medicaid Planning, Uncategorized
A qualified income trust (QIT) is a Medicaid planning technique used often by Medicaid recipients. A QIT allows one to still qualify for Medicaid if their monthly income exceeds the limit set by Medicaid. Not every state recognizes QITs, but Florida does. As of...
by Patrick Quarles | Feb 22, 2021 | Estate Planning, Medicaid Planning, Uncategorized
Did you know there is a way to provide funds for someone who is disabled or ill without reducing their eligibility for Medicaid or other government disability benefits? This can be done by setting up a special needs trust. All assets placed into a special needs trust...
by Patrick Quarles | Jan 18, 2019 | Estate Planning, Medicaid Planning
Florida Medicaid planning is a complex undertaking. If you read our previous post about Medicaid planning in Florida, you know that it is crucial to have a plan for funding skilled nursing care, such as care in a nursing home. We create Medicaid plans for people...
