As the COVID-19 pandemic continues to spread, estate planning is a higher priority than ever. But no one wants to put themselves or others at risk while doing it. Elder law and estate planning firms are well aware of this concern.
Medicaid law provides special protections for the spouses of Medicaid applicants to make sure the spouses have the minimum support needed to continue to live in the community.
The federal government has released the 2020 federal guidelines for how much money the spouses of Medicaid recipients may keep, as well as related Medicaid figures.
Both workers and retirees may need to rethink some of their estate planning in light of a new law that has made major changes to retirement plans, including inherited plans.