In this week’s blog we have discussed some of the basics about the Medicaid five (5) year look-back period, including that in the context of asset preservation this concept should be considered in terms of a five (5) year “look-forward” period. The look-back period concept should not be feared, but rather thoroughly understood and controlled. In other words, the only thing to fear is a lack of knowledge and an unplanned or inadvertent triggering of the look-back period, a situation that could possibly cause an inability to pay for the costs of long-term skilled nursing care at a time of crisis. Triggering the start of the Medicaid five year period is fine, so long as the individual or couple (or their fiduciary) involved understands what they are doing as part of an organized plan.
- Elville and Associates’ Principal Stephen R. Elville Partners with University of Maryland Autism Research Consortium for Nationwide Webinar Series and Panel Discussion
- The Future of Pro Bono in Maryland
- Elville and Associates Partners with Maryland ABLE to Offer Special Needs Planning Workshop to Harbour School at Annapolis Parents
- Lindsay V.R. Moss, Esq., Becomes Partner at Elville and Associates, P.C.
- A Guide for Making Room for Grief in Work & Life
- How One Thing Might Lead to Another
- How Will My Agent Know Where My Property Is – and How to Access It? The Maryland Fiduciary Access to Digital Assets Act, Digital Storage Options, Safe Deposit Boxes, and Good Old Fashioned Record-Keeping
- The Movement to Improve End-of-Life Health Care Planning
- Fly, Rattle, and Roll
- Senior Home Seller? Here’s the Solution! (Part 2 of 2)