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July 2015 Archives

Care planning and estate planning go hand-in-hand

Care planning is important for California residents because of asset seizure guidelines that are used for Medi-Cal recipients, as well as other reasons. In a recent blog post, we discussed how the asset seizure guidelines for the state might be changing. Even if those changes go into effect, care planning will still be important because of some of the other factors that make this aspect of estate planning so important.

Asset seizure by Medi-Cal might soon be limited

An important part of care planning for some people is to keep assets protected while still qualifying for assistance paying for long-term, end-of-life care. In California, people who receive Medi-Cal benefits are subjected to asset recovery once the covered person passes away. This is because of a federal law that has been in effect for more than 20 years.

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