Category: Elder Law

Posted by iLawyer on Sep 12th, 2022 Elder Law, Firm News

Understand Medicaid’s five-year look-back period

Medicaid was created to assist low-income senior citizens with their ever-increasing medical costs. Because Medicaid is a program for people with low income, the financial records and assets of the applicant must be examined before a senior can qualify for the program. This is what’s known as Medicaid’s five-year look-back period. Seniors may find themselves…

Posted by iLawyer on Jul 18th, 2022 Elder Law, Firm News

Has your elderly relative been financially abused?

Abuse comes in many forms, and it is often physical. However, abuse can also come in the form of financial harm, which has a negative emotional impact too. Elderly individuals may have been running their own bank accounts for decades, but there will eventually come the point where they find this too much. On such…

Posted by iLawyer on Dec 30th, 2021 Elder Law, Firm News

How far ahead do you need to plan for Medicaid?

Getting Medicaid benefits can be a challenge. Texas has strict income limitations and even rules about the value of someone’s assets, excluding their primary residence. Someone who needs Medicaid is subject to careful scrutiny of their previous financial transactions. As such, planning far ahead of time is the best approach for adults who may eventually…