Most people assume that Medicaid eligibility is all about assets. They come into our office worried about bank accounts, investments, or whether they will lose their home. While assets are certainly an important part of the equation, there is another issue that catches many families by surprise: income. We’ve had families sit across the table and tell us, “Mom only has Social Security and a pension. Surely she qualifies.” Then we discover that her gross
A large gift or inheritance can feel like a blessing and a burden at the same time. Many of my clients receive large lifetime gifts from loved ones for asset protection or just helping the next generation; or receive an inheritance. If your emotions swing from gratitude to anxiety, or you feel pressure to make “perfect” decisions quickly, you may be experiencing what professionals often call sudden wealth syndrome. It isn’t a formal medical diagnosis,
In Indiana, deciding who gets your vintage Rolex is often more emotionally charged than dividing a bank account. While a Will handles your real estate and intangible assets, tangible personal property, the “stuff” you can touch, requires a more flexible touch. For Indiana residents, the most efficient tool for this is a separate document called the Memorandum for disposition of tangible personal property. Under Indiana Code, you can refer to a separate writing or “Memorandum” in your Will to
When a loved one suddenly needs nursing home care, families often find themselves in one of life’s most stressful moments. Emotions run high, and on top of the emotional weight, the financial reality of long-term care is a serious concern. In Evansville and across Southern Indiana, nursing home costs are substantial and continue to climb. In 2026, the average monthly cost for a semi-private room in Indiana is around $9,000 (with sources like SeniorLiving.org citing
When a parent or spouse needs nursing home care, most families are already stressed and overwhelmed. On top of that, Indiana’s Medicaid rules are confusing, and a lot of what people “think” they know turns out to be wrong. Over the years, I’ve seen the same mistakes come up again and again. Here are five of the most common ones: 1. Thinking You Have to Lose Everything to Get MedicaidMany people believe Medicaid is only for