From the Attorney’s Desk by Jason Krautkramer, J.D. Eckert & Krautkramer, LLC 630 N 4th St., Wausau, WI 54403 eklawwi.com 715-842-0907 jason@eckertlawllc.com 180521 Community Spouse Medicaid Promissory Note When a married couple faces a Medicaid crisis, protecting the community spouse from financial devastation is critical. A Medicaid-compliant promissory note is a powerful tool that can preserve assets while helping the institutionalized spouse qualify for benefits. In the right circumstances, excess countable assets can be converted into an income stream for the community spouse through a properly structured promissory note. When drafted correctly, this strategy can reduce or eliminate penalty periods while creating a dependable monthly income for the healthy spouse. A poorly prepared note can trigger penalties or disqualification. However, a Medicaid-compliant promissory note can provide security, stability, and peace of mind—ensuring the community spouse is not left impoverished during an already difficult time. Schedule an appointment today to learn more. From the Attorney’s Desk by Jason Krautkramer, J.D. Eckert & Krautkramer, LLC 630 N 4th St., Wausau, WI 54403 eklawwi.com 715-842-0907 jason@eckertlawllc.com 180521 Community Spouse Medicaid Promissory Note When a married couple faces a Medicaid crisis, protecting the community spouse from financial devastation is critical. A Medicaid-compliant promissory note is a powerful tool that can preserve assets while helping the institutionalized spouse qualify for benefits. In the right circumstances, excess countable assets can be converted into an income stream for the community spouse through a properly structured promissory note. When drafted correctly, this strategy can reduce or eliminate penalty periods while creating a dependable monthly income for the healthy spouse. A poorly prepared note can trigger penalties or disqualification. However, a Medicaid-compliant promissory note can provide security, stability, and peace of mind—ensuring the community spouse is not left impoverished during an already difficult time. Schedule an appointment today to learn more.
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