Will My Mom Still Get a Penalty Period If I'm Using the Transferred Money to Pay Her Expenses?
My mother sold her home a year ago and moved into an independent living apartment. She had early stage dementia. The money...
Read moreNo, there is no transfer penalty or waiting period if an applicant for Medicaid benefits sells property at fair market value and then spends the funds on her own needs (or if her agent does so on her behalf). But the applicant needs to be able to demonstrate that the property was sold for market value and how the proceeds were spent. For information on how to spend down assets, click here.
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My mother sold her home a year ago and moved into an independent living apartment. She had early stage dementia. The money...
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Medicaid law imposes a penalty period if you transferred assets within five years of applying, but what if the transfers h...
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My sister lives with my mom, who has reached the stage where she needs to be in a full-time care facility. My mom owns the...
Read moreMedicaid Rules, etc