I am getting ready to apply for Medicaid for my mother for assisted living. I just read that when she passes away, Medicai...Read more
There are a few possibilities. In some states, your mother could transfer her funds to a so-called “(d)(4)(C)” or “pooled disability” trust. Here’s a link to a list of such trusts that may be of help. It lists four pooled disability trusts in Iowa. If this option is not available in Iowa – it depends on how the state applies its Medicaid rules – your mother could transfer the excess funds into trust for any disabled individual under age 65. If no one in your family fits this category, the final option would be to pay the funds to the assisted living facility. An Iowa elder law attorney would be able to advise your family on whether and how all of these alternatives work in your state.
For more about pooled trusts, click here.
Local Elder Law Attorneys in Ashburn, VA
In practice since 1987, Fairfax Attorney Evan Farr is widely recognized as one of the leading Elder Law, Estate Planning, and Specials Needs attorneys in Virginia and one of foremost experts in the Country in the field of Medicaid Asset Protection and related Trusts. Evan Farr has been quoted or cited as an expert by n...
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...