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October 2018 » Twenty Questions about Planning...
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Peter A. Karl, JD, CPA
In BriefFor elderly individuals entering into nursing care, financial assistance through Medicaid can defray the often significant costs. But Medicaid has stringent needs based requirements and transfer of asset rules that taxpayers and their advisors need to take into account in their planning. The author answers 20 common questions about the qualification requirements for Medicaid's nursing home care provisions and provides financial planning strategies for taxpayers contemplating entering themselves or a loved one into nursing care.
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