Tag Archives: divestment

For the thousandth time: no, you do not need to sell your home to get Medicaid! Addressing this and other myths told by nursing home social workers and Medicaid caseworkers.

This week I met with a client and had a conversation that I have had at least a thousand times (or it felt that way). The client (we will call her Jean) was power of attorney for her mother, who … Continue reading

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What Governor Walker’s Proposed Change to Promissory Notes Means

Governor Walker’s 2015-2017 budget proposal contains a change to one particular area of Medicaid planning involving the use of promissory notes. While this is relatively minor compared to the chaos of the 2013-15 budget, it is worth a passing comment. … Continue reading

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Timing is everything…

In understanding the ins and outs of Medicaid and divestment, timing is everything. Divestment is the concept that if you give away your assets with the intention of becoming eligible for Medicaid, the gift will cause you to be ineligible … Continue reading

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Medicaid Myths Part Two: Divestment and Millionaires

This article will delve into the second major area of misunderstanding in Medicaid: Divestment. Divestment is the term for the broad concept that if a person gives away money or other assets for the purpose of becoming eligible, a penalty … Continue reading

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Breaking news! Legislation repeals some of the worst of Governor Walker’s Medicaid recovery expansion.

On Thursday, November 14, 2013, the legislature passed an update to the Wisconsin Trust Code. This update has been in the works for well over a year now. However, at the last minute, the bill that had been crafted as … Continue reading

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Under Wisconsin’s new estate recovery and divestment law, it may be better for spouses to divorce in some cases than to stay married.

[IMPORTANT UPDATE TO THIS ARTICLE – PLEASE TAKE A LOOK AT THE POST HERE TO READ ABOUT SOME NEW DEVELOPMENTS THAT MAY AFFECT ISSUES I WROTE ABOUT IN THE ARTICLE BELOW!] Having worked with the elderly for 23 years, particularly … Continue reading

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Does Wisconsin’s New Medicaid Law Mean the End of the Family Farm and Business?

[IMPORTANT UPDATE TO THIS ARTICLE – PLEASE TAKE A LOOK AT THE POST HERE TO READ ABOUT SOME NEW DEVELOPMENTS THAT MAY AFFECT ISSUES I WROTE ABOUT IN THE ARTICLE BELOW!] This is the third in a series of articles … Continue reading

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What Wisconsin’s Budget Bill does to Elderly and Disabled Families

What the New Budget Bill Does to Elderly and Disabled Families By Attorney Carol Wessels Nelson Irvings & Wessels SC 2675 N Mayfair Rd #420 Wauwatosa WI 53226 414-777-0220 cwessels@niwlaw.com [IMPORTANT UPDATE TO THIS ARTICLE – PLEASE TAKE A LOOK … Continue reading

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