Elder Law Answers
What is Reasonable Compensation for an Agent Under a Power of Attorney?
What is a reasonable amount of reimbursement for me as an agent under a power of attorney who is paying bills, picking up...
Read moreWill Medicaid Consider Payments to an Adult Child for Living Expenses to Be a Transfer of Assets?
- November 11th, 2014
Q
My mom lives with me. Can she pay her fair share of living expenses without this being considered a transfer should she apply for Medicaid down the road?
A
The answer is yes, but. Certainly, she should pay her fair share. The question is how to establish what is “fair” so that either (a) it is not challenged by Medicaid or (b) it can stand up to Medicaid’s questioning. You can either use your best judgment on the right amount, keeping careful records of the related expenses, or work with a local elder law attorney to determine the amount and how best to document it. The second route would be the safer course of action.
For more on Medicaid's asset transfer rules, click here.
Local Elder Law Attorneys in Ashburn, VA
Meet Daniel Steven
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Daniel Steven
Daniel N. Steven, LLC
Daniel N. Steven is an attorney licensed in Maryland and the District of Columbia. with many years of experience in complex estate planning and Elder Law. He is rated by Martindale-Hubbell as an AV Preeminent 5.0 out of 5 rated attorney.
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Meet Loretta Williams
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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...
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Meet Ron Landsman
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Ron Landsman
Ron M. Landsman, P.A.
Ron M. Landsman has been practicing elder law since 1983, before it was known as elder law, originally with Landsman and Laster, Washington, D.C., then Landsman, Eakes and Laster, also in Arlington, VA, and since 1990 in his own practice in Montgomery County, Maryland. He has been among the most active members of the...
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