Sunday, November 15, 2009
On October 28, 2009, I had the pleasure of presenting Medicaid Law Update: 2009â€ to over 50 individuals at Hastings City Bank in Hastings, Michigan. Hastings City Bank sponsored the event, providing their beautiful community room as well as appetizers and beverages for attendees.
At the seminar, we discussed the difference between Medicaid v. Medicare, the asset and income eligibility requirements for Medicaid, countable vs. exempt assets, and the community spouse asset rules. We also covered potential estate preservation strategies, including the half-a-loaf method and the â€œSolely for the Benefit O trust.
Questions from the audience included concerns regarding the new $500,000 equity cap on homestead exemptions, as well as the status of the so-called Estate Recovery Law.
Thank you to all attendees and to Hastings City Bank for making the seminar such an enjoyable evening!