Elder Law Answers
Can My Father Cash in a Life Insurance Policy Without Affecting My Mother's Medicaid?
My mother is in a nursing home here in California and is on Medi-Cal (Medicaid). My father...
Read moreIs the Cash Value of a Life Insurance Policy a Countable Asset for Medicaid
- November 18th, 2014
Q
My wife is the owner of a life insurance policy on our daughter. Will the cash value of the life insurance be exempt from our countable assets if I go on Medicaid long-term care?
A
Although I can’t be sure about the rules for all states, where I practice in Massachusetts the cash value would be countable. It also depends on what the cash value is. For details on the general rules regarding the effect of life insurance on Medicaid eligibility, click here.
To find a qualified elder law attorney near you, click here.
Local Elder Law Attorneys in Ashburn, VA
Meet Jean Ball
(703) *** ****
Learn more
Jean Ball
Hale Ball Carlson Baumgartner Murphy PLC
Jean Galloway Ball is certified in Elder Law by the National Elder Law Foundation. She is a 1977 honors graduate of the National Law Center, George Washington University, and she did her undergraduate work at the University of California at Berkeley, graduating Phi Beta Kappa in 1971. She is admitted to practice in Vir...
(703) *** ****
Tell us about your legal issue and we will put you in touch with Jean Ball.
Meet Judith Mitnick
(703) *** ****
Learn more
Judith Mitnick
Needham Mitnick & Pollack, PLC
Judith Mtinick is well known for acting as a guardian, conservator, trustee or agent on behalf of clients or by court appointment. This experience gives her a wide perspective and extensive practical knowledge that she uses when advising clients in drafting their planning documents. Her experience, as a court appointed...
(703) *** ****
Tell us about your legal issue and we will put you in touch with Judith Mitnick.
Meet Loretta Williams
(703) *** ****
Learn more
Loretta Williams
Hale Ball Carlson Baumgartner Murphy PLC
Loretta Morris Williams is a certified elder law attorney by the National Elder Law Foundation. Ms. Williams was admitted to the Council of Advanced Practitioners, National Academy of Elder Law Attorneys (NAELA) in 2012. She serves as President of the Virginia Academy of Elder Law Attorneys. Ms. Willia...
(703) *** ****
Tell us about your legal issue and we will put you in touch with Loretta Williams.
