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Orange City Estate Planning Blog

Watch Your Language: Trustee

A trustee has legal title to assets subject to certain conditions and requirements that are spelled out in the trust document. [Read More]

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Watch Your Language: Grantor

The grantor is the person who creates a trust. No matter what type of trust you have, the grantor is always in charge because they set the trust’s terms. [Read More]

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Watch Your Language: Snapshot Date

When you first submit a Medicaid application for nursing facility care (and Elderly Waiver, in Iowa), DHS takes a “snapshot” of your financial status as of the date you first moved into the nursing home. This is called the “snapshot date.” [Read More]

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Watch Your Language: Asset

In the Medicaid world, the term “asset” is used when discussing Medicaid’s transfer penalty rules. As a result, “asset” includes both income and resources. [Read More]

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Watch Your Language: Resource

The third test in the Medicaid application process considers whether the applicant has too many resources. But what is a resource?[Read More]

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