Will Medicaid Count Assets That Are in an LLC?
All of my father's assets are in a trust. If he transfers the assets from the trust to a limited liability company (LLC) a...
Read moreIt probably depends on the investment and the facts. If your mother made an investment that didn’t work out with an independent third party, it should probably not be a problem. But if, for instance, she was investing in a company you were starting, it will look more like a gift to you. In addition, it could depend on the documentation of the investment. If there’s proper paperwork – a stock certificate, for instance – it will be more likely to pass muster with Medicaid. A local elder law attorney who looked at all of the circumstances should be able to provide a more definite answer.
For more on Medicaid's asset transfer rules, click here.
Local Elder Law Attorneys in Your City
All of my father's assets are in a trust. If he transfers the assets from the trust to a limited liability company (LLC) a...
Read more
Immediate annuities can be ideal Medicaid planning tools for spouses of nursing home residents.?Careful planning is needed...
Read more
My father-in-law recently moved into our home after his wife's daughter would no longer look after him. He is 81 and has b...
Read moreMedicaid Rules, etc