If you have a disability, you know that it is important to have numerous benefits and government programs available to you, especially Medicaid. However, as you may also know, having significant assets may cut off your eligibility for Medicaid and other programs and benefits. What can you and other Californians do to stay eligible for Medicaid without losing your assets?
When you and your soon-to-be-former spouse purchased a California home together, you likely did so with the intent of continuing to live with one another for the foreseeable future. Divorces happen all the time, however, and if you are involved in one, a time will come when you need to decide what to do about what is probably your most substantial shared asset: your home.
If you and your spouse contemplate getting a California divorce, make sure you thoroughly understand any property settlement agreement you enter into. You may find it difficult to modify it after your divorce, particularly if you have already received some benefits from it prior to your attempt to modify.
December is a stressful month for many people, but you might be feeling more anxiety and sadness than in years past. Like many other Californians, you may have realized that your marriage is at an end, and you are just waiting for the holidays to be over before you file for divorce.