Total dependence not required for a medicaid caregiver child exemption for house transfer
This post is about “Medicaid caregiver child house transfers,” as they are commonly known.
Readers of this blog know that when a person applies for long-term care benefits under the MLTSS Medicaid program, they will generally be denied benefits for a period of time if they transferred (gifted) assets during the 5-year look-back...
A title search is a useful tool in elder care planning
“My Mother wants to transfer the house to us.” Preserving family assets through transfers of ownership is part of the big picture of elder care legal planning. We look at who owns what, how it’s owned, whether there are any restrictions or liens, and how to cover the costs of care after assets are transferred. From time to time a client has a different ownership interest in...
“Can you just do a quit claim deed?”
“Can you just do a quitclaim deed?” is a common question brought to our office. Sometimes it’s a question by a child, other times by the spouse of the senior citizen homeowner. There’s a concern about “saving the house” when nursing home care is looming on the horizon. Leaving aside the complex question of whether such a transfer will disqualify the senior...