Page 25 - Senior Times South Central Michigan - May 2019- 26-05
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QUESTION: My husband has Alzheimer’s and is in the nursing home. The bill is almost $10,000 a month! Will the nursing home take all of our savings? Is there anything we can do?
For instance, if your “spend-down” is $80,000, there are ways to save up to the entire $80,000 and qualify your husband for Medicaid.
Ask The
Senior Times - May 2019
Page 25
Helping Seniors Preserve Their Lives
Asset Protection Planning for Persons in a Nursing Home or Entering a Nursing Home Powers of Attorney • Wills • Trusts • Probate
Don't Lose Everything You Have To the Nursing Home
I can help you save up to 100% of your assets.
Michael B. Walling, J.D., LL.M.
Let me help you properly draft and fund a trust before you or your spouse enter a nursing home; it could save you over $50,000!
Elder Law Attorney
Author of "Ask the Attorney"
Call for a free
initial consultation*.
*Except Asset Protection Planning
(269) 324-7344
Offices in Portage & Battle Creek
Helping Seniors preserve their lives for more than a decade.
Michael Walling, Special to Senior Times
ANSWER: Yes, there are legal ways
to protect your assets. Generally, you are allowed to keep your home (there is no limit on value as long as the spouse lives there), one vehicle, and your household goods.
You are also allowed to keep 50% of the money you and your husband had on the first day that he went into long-term care
up to a maximum of $126,420. The money that you have left over has to be spent down (the “spend-down”) before your husband can qualify for Medicaid. Once your hus- band qualifies for Medicaid, then the State of Michigan will pay for his nursing home care.
You will also be able to keep all of your own income and you may be able to keep some of your husband’s income. This will help you pay for your property taxes, insur- ance, utilities, repairs, food, etc., since you now have to live alone and have lost some or all of your husband’s income. I would advise you to see an Elder Law attorney who specializes in Asset Protection for nursing homes.
Without proper planning, the money that you have to “spend-down” is usually spent on the monthly nursing home cost. However, there are legal options available to save some or all of the “spend-down.”
Michael B. Walling is an Elder Law attorney with an advance Master of Laws degree. He manages The Elder Law Center and the law firm of Michael B. Walling, PLC. Mr. Walling is a part-time Professor at Western Michigan University. Please send any questions you would like addressed to: The Elder Law Center, 4625 Beckley Road, Building 400, Suite 4003, Battle Creek, Michigan, 49015. You may also call (269) 968-1101 to set up a free initial consulta- tion. This column is for general information purposes only and should not be considered as legal advice to any particular person.
Homer High School
By: Nancy A. Putnam
Alumni 70th Annual Reunion
The 70th annual gathering of Home High School alumni will begin when the doors open at 12pm on Sat., May 11. The festivi- ties include a display of memorabilia and an opportunity for visiting with classmates will be held in the Middle-High School cafeteria.
54, 59, 1964, 69, 74, 79 and 2019 will fol- low. A walk through the school for those interested will conclude the day’s program.
A light lunch at 1pm followed by a short business meeting of the Alumni Association. Introduction of Honored Classes of 44, 49,
Reservations are required; no later than Mon., May 6. Additional information may be obtained by calling (517) 767-3267 or by visiting or www. This invitation is extend- ed to all Home Alumni.
Grand Vista is a place seniors can receive the care and support needed to live ful lling lives in a home-like environment.
Grand Vista Located in Coldwater & Marshall, Michigan Ph: 517-227-5225
• Medication Management • 24/7 Pharmacy Services • Personalized Care Plans • ADL & IADL Support • Meals Services
• Housekeeping
& Laundry Services
• Daily Activities & Entertainment
• All Inclusive Pricing
Family Owned & Operated

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