Can You Transfer a Whole Life Insurance Policy to a Term Policy Without a Medicaid Penalty?

If you are in a skilled nursing home and currently spending down your assets to qualify for Medicaid, can you transfer a whole life policy to a term life policy and not suffer a look-back penalty?

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Should My Dad Move His Money Out of an IRA and Into an Account in My Mom’s Name Before Applying for Medicaid?

Most of my parents’ money is in an IRA that is in my dad's name. My mother has very few assets in her name. He is older and may need to go into a nursing home in a few years. He has a Roth IRA worth $100,000. He is considering taking the money out of the Roth and putting it in an account in my mom's name. It won't grow...

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Can We Apply for Medicaid for Our Mom Without Her Signature?

My mom needs Medicaid for a possible future stay in a nursing home. She has not given any of her children power of attorney, and she refuses to sign anything, including any Medicaid application papers. Is there any way to apply for her without her signature?

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Is Changing a Revocable Trust into an Irrevocable Trust Subject to Medicaid’s Five-Year Look-Back?

My mom has a revocable trust that she set up more than 15 years ago. If we change it to an irrevocable trust, would it be subject to the five-year look-back when applying for Medicaid benefits?

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Is a Payment to a Student Loan Company Exempted from the Gift Tax?

I had promised to help my son with his education costs. He has graduated (he is 25 and not my dependent). He owes approximately $100,000 in student loans. If I make a payment of more than $16,000 directly to my son's lending institution, is that exempt from the gift tax? 

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What If Social Security Won’t Honor My Mother’s Power of Attorney?

I am an agent under a power of attorney for my mother, who has dementia. Social Security would not speak to me over the phone about establishing an online account because they didn't see me as the authorized representative payee. Is there anything I can do?

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If a Medicaid Recipient Moves in with Us, Will Medicaid Try to Recoup Benefits from Us?

My father-in-law is coming to live with his son and me. We own our home (in both our names) and have significant savings. Can Medicaid try to make a recoupment claim against us after my father-in-law's death?

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Can Medicaid Recover Benefits from an IRA After the Recipient Dies?

After a Medicaid recipient dies, can Medicaid recoup benefits from the recipient’s IRA? The IRA was not counted as a resource when applying for Medicaid because it was in "payout status"

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Who Pays Capital Gains Taxes When There Are Multiple Heirs?

When several siblings are heirs to a parent's estate, who pays the capital gains tax when the home is sold? Does each heir pay on his or her portion of the proceeds or are taxes paid from the estate before funds are distributed?

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Does the Person Who Received a Gift from a Medicaid Applicant Have to Be the One to Return it to Erase the Medicaid Penalty?

My mother gifted money to her granddaughter. Now my mother needs to apply for Medicaid and will be subject to a penalty period as a result of the gift. The granddaughter has spent the money, so she cannot return it. We are wondering who is allowed to cure a gift? Can only the recipient cure a gift from the applicant, o...

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