Proving That a Transfer Was Not Made in Order to Qualify for Medicaid
Medicaid law imposes a penalty period if you transferred assets within five years of applying, but what if the transfers h...
Read moreYou describe a Medicaid planning strategy available in some states and not others. For it to work, the nursing home resident needs to transfer the funds entirely to you, half as a gift and half as a loan. The result is that this is your money, even though you will be committed to paying back half. So you should report it wherever you are required to list your assets. However, the payments to you are not income so you should not report them as such. In addition, the promissory note is an obligation to pay on your part, so it would be listed as a liability if you are asked to list those as well.
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Medicaid law imposes a penalty period if you transferred assets within five years of applying, but what if the transfers h...
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You may have heard that transferring assets, or helping someone to transfer assets, to achieve Medicaid eligibility is a c...
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My mom needs to go on Medicaid and has a substantial sum of money in her bank account. What can we legally spend thi...
Read moreMedicaid Rules, etc