E2544 - Medicaid’s 5-Year Look-Back Rule in New Jersey: What Triggers Penalties

Episode Summary:
In this episode of The Estate Blueprint: Planning Your Future With Tom Begley, attorney Tom Begley III delves into the intricacies of the five-year look back rule, a critical aspect of Medicaid planning. With over 35 years of experience in elder law, Tom explains how this federal rule affects asset protection and eligibility for long-term care benefits. Listeners will learn about the different ways to pay for long-term care, the distinction between countable and non-countable assets, and the importance of strategic planning to avoid penalties. Tom also discusses common mistakes people make, such as applying for Medicaid...