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Medicaid Rules

Medicaid's Asset Rules

In order to be eligible for Medicaid benefits a nursing home resident may have no more than $2,000 in "countable" assets (the figure may be somewhat higher in some states). ...

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Elderlaw 101

Medicaid's Asset Transfer Rules

In order to be eligible for Medicaid, you cannot have recently transferred assets. Congress does not want you to move into a nursing home on Monday, give all your money to your children (or whomever) on Tuesday, and qualify for...

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Elderlaw 101

Promissory Notes and Medicaid

A promissory note is normally given in return for a loan and it is simply a promise to repay the amount. Classifying transfers as loans rather than gifts can be useful because it sometimes allows parents to "lend" assets to...

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Elderlaw 101

Medicaid and Trusts

With careful Medicaid planning, you may be able to preserve some of your estate for your children or other heirs while meeting the Medicaid asset limit.

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Elderlaw 101

Spending Down Assets to Qualify for Medicaid

Medicaid has strict asset rules that compel many applicants to "spend down" their assets before they can qualify for coverage. It is important to know what you can spend your money on without endangering Medicaid eligibility.

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Elderlaw 101

Local Elder Law Attorneys in Ashburn, VA

Jeffrey Hammond

Hammond and Associates, LLC, Elder Law, Estate Planning, Wills, Trusts, Probate
Bethesda, MD

William Fralin

The Estate Planning & Elder Law Firm PC
Bethesda, MD

Evan Farr

Farr Law Firm
Fairfax, VA

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Medicaid Rules, etc

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