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Annuities

North Carolina Elder Law Attorney: Medicaid Planning with Annuities

March 28, 2019

The prospect of your spouse entering a nursing home for long-term care can be overwhelming, especially with all of the logistical issues and care coordination concerns that accompany such a move. Financial planning for Medicaid eligibility can add more stress since there are strict asset and income limits that must be adhered to by both…

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Using an Annuity to Help the Spouse of a Medicaid Applicant

February 2, 2015

Be cautious whenever an annuity is described as helping a person to qualify for Medicaid. Any deferred annuity purchased as a planning measure – that is, an annuity that will build in value and is purchased before a person goes into a nursing home – will be considered a countable asset. However there on particular North…

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