Elder Law Answers Elder Law Answers

Search Articles

Find Attorneys

Can I Get a Short-Term Loan From Family While Receiving Medicaid?

  • June 24th, 2014
Q
Can I borrow money from my family while receiving Medicaid assistance to pay upfront attorney fees and court fees to probate inherited property on a small estate? I would subsequently pay back the loan upon sale of the property and give the remainder to Medicaid to remain qualified for assistance.
A

Yes, but you will need to document the loan with a formal promissory note. However, please note that while this is the general rule you will need to check with your state’s Medicaid office to make sure it applies in your situation.

For more on promissory notes in Medicaid planning, click here.

Local Elder Law Attorneys in Ashburn, VA

Daniel Steven

Daniel N. Steven, LLC
Rockville, MD

William Fralin

The Estate Planning & Elder Law Firm PC
Bethesda, MD

Judith Mitnick

Needham Mitnick & Pollack, PLC
Falls Church, VA


Last Modified: 06/24/2014

Medicaid Rules, etc

View All Elder Law Topics Questions & Answers State Medicaid Information