As featured on Pruitt Law Offices S.C.
Details for PRUITT LAW OFFICES S.C. / RETAIL - Ad from 2019-08-21
ask the lawyer by John Zabkowicz Attorney at Law tItle XIX aND asset PreserVatION Last week I discussed the options a couple has if one of them unfortunately needs assisted living or long-term care and wanted to apply for Title XIX benefits. This week I will discuss the options for a single person if the same situations occurs. For a single person, the following assets are exempt or unavailable for Title XIX purposes: any prepaid burial policies, one vehicle, and the homestead (if the person is living it, expresses an intent to return home, or if the house is listed for sale). All other assets are considered available. For a single person to be financially eligible for Title XIX benefits, their countable assets must be below $2,000 in the month of application. If the Title XIX applicant is above that threshold, and he/she would like to preserve assets, there are certain strategies that can be utilized to ensure that becomes possible. For more questions on Title XIX and asset preservation, please contact Pruitt Law Offices S.C. at 262633-8301, through our website at pruittlawoffices.com, or visit us at 731 Main Street in Racine. We are your partners for professional service. www.pruittlawoffices.com Advertisement