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Posts by Paul Yokabitus

Medicaid Long Term Care: Exempt Transfers

Medicaid Long Term Care: Exempt Transfers

Under Medicaid regulations, there are several types of Exempt Transfers which will not be penalized if made by the applicant prior to applying.

Applying for Medicaid Too Late or Too Early

Applying for Medicaid Too Late or Too Early

The timing when an individual, or their "authorized representative", apply for Medicaid is extremely important. Applying too early or too late can result in significant unintended consequences.

Medicare and Nursing Home Care in North Carolina

Medicare and Nursing Home Care in North Carolina

It would make sense that Medicare should pay for nursing home care. Well, when it comes to long-term care in a nursing home, Medicare just doesn't cover it - at least not all of it. 

Medicaid Long-Term Care Eligibility and Your Home

Medicaid Long-Term Care Eligibility and Your Home

The Medicaid application in North Carolina can be a tricky minefield for people experiencing it for the first time. Disability, income, assets - all with different standards and different ramifications on your (or your loved one's) eligibility. And while not all assets are treated equally, how you respond to a certain eight word question can have a very significant impact on Medicaid eligibility and future medical treatment.

What is the Difference Between Medicaid and Medicare?

What is the Difference Between Medicaid and Medicare?

Cary, NC Elder Law Attorney Both are federal programs, both are administered at the federal level by the Center for...

Medicaid Asset Protection Trusts in North Carolina

Medicaid Asset Protection Trusts in North Carolina

If used properly, Medicaid Asset Protection Trusts can help Medicaid applicants keep their home a non-countable asset, but also remove the home from their estate and potential Medicaid Estate Recovery.

Medicaid Spend Down Planning in North Carolina

Medicaid Spend Down Planning in North Carolina

Many people think "Spend Down" means "spend all of the money" - but Spend Down planning actually involves converting assets, not necessarily wasting them. 

Special Needs Planning: What it is, Who it’s for, and Why it’s Important

Special Needs Planning: What it is, Who it’s for, and Why it’s Important

Since October is Special Needs Planning Month, I figured today we would talk about Special Needs Planning, what it really is, who it applies to, what’s the family should think about it seriously and implement planning for themselves.

Five Legal Hurdles North Carolina Small Business Owners Will Face, and How to Handle Them

Five Legal Hurdles North Carolina Small Business Owners Will Face, and How to Handle Them

Small business owners will encounter a number of obstacles, but pro-active planning can help.

Estate Tax Exemption for Estates in North Carolina – 2018 Update

Estate Tax Exemption for Estates in North Carolina – 2018 Update

Another year, another rise in the unified lifetime estate and gift tax exemption. 

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