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New SSI POMS on Sole Benefit Rule for SNT’s


A few months ago, the Social Security Administration released new POMS on the sole benefit rule for first-party special needs trusts. A first-party special needs trust (SNT) is an SNT established to hold the property of the beneficiary – the disabled person.  Often this is funded as part of a … Continue reading


Using Qualified Income Trusts to Qualify for Medicaid to Fund Long Term Care


To qualify for Medicaid to fund long term care in New Jersey, your monthly Medicaid countable income must not exceed Medicaid income caps– $2,250 per month for an unmarried applicant in 2018. However, not all receipts are Medicaid countable income, and even if your Medicaid countable income exceeds long term … Continue reading


NJ Medicaid Changes Penalty Divisor


New Jersey Medicaid recently changed the way it calculates penalties for gifts. New Jersey residents can qualify for New Jersey Medicaid, a government program that can pay for long term care in a nursing home, assisted living facility, or with home health aides. However, when you apply for long term … Continue reading


NJ Medicaid to issue new Regulations on Trusts


New Jersey’s Department of Human Services, Division of Medical Assistance and Health Services (DMAHS), recently posted notice that it will issue new regulations on how Medicaid laws and rules apply to trusts, including special needs trusts and qualified income trusts. Why does this matter to you? Well, if you have … Continue reading


NJ Medicaid Planning and your Power of Attorney


If you think you may need long term care in the future, and are interested in doing asset protection planning or Medicaid planning to protect your assets for your spouse or children, one of the best things you can do now is make sure you have a well-drafted power of … Continue reading


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Homepage photo: Cows grazing at Meadowbrook Farm, Bernardsville, NJ by Siddharth Mallya. October 23, 2012. http://en.wikipedia.org/wiki/File:Autumn_Leaves_13.jpg.
Interior photo: Somerset hills pastoral scene by Lawrence Friedman.