Find Local
Elder Law

Browse Local
Elder Law Attorney Listings

for Elder Law Attorneys

Questions & Answers

Both of my elderly parents are alive, and my father just changed the beneficiary of his IRA account from his wife to his children. Her name is not on the account because she has a separate IRA account. If either parent needs Medicaid in the next five years, would the change of beneficiaries be considered a gift and subject to penalty by Medicaid?

Read this answer and others like it