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Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself.
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Archives

Tag Archives for: "Medicaid eligibility"
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 For MassHealth, Will Home in Trust Become Non-countable if Sold?
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By Harry Margolis
In Long-Term Care Planning
Posted January 10, 2022

For MassHealth, Will Home in Trust Become Non-countable if Sold?

Question: MassHealth regulation 520.024 seems to me to state that any non-principal residence in a trust — even one created by will and where the trustee has no requirements regarding [...]

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 How Can My Girlfriend Leave Me Her Life Insurance Without Affecting My Medicaid Benefits?
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By Harry Margolis
In Special Needs Planning
Posted August 15, 2021

How Can My Girlfriend Leave Me Her Life Insurance Without Affecting My Medicaid Benefits?

Question: I am on SSDI and have Medicare and Medicaid. My girlfriend has me as a beneficiary on her life insurance policy through her job. Would I lose that money if she died because I’m on [...]

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 Can I Divorce My Husband So He Can Get Medicaid Coverage of His Nursing Home Care?
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By Harry Margolis
In Long-Term Care Planning
Posted November 13, 2020

Can I Divorce My Husband So He Can Get Medicaid Coverage of His Nursing Home Care?

Question: I would like to try and provide proper care for my spouse. My question is: Is there anything in Medicaid criteria that would prevent me from divorcing my spouse so that he can qualify [...]

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 How Can I Support My Disabled Son Without Affecting his Section 8?
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By Harry Margolis
In Special Needs Planning
Posted October 17, 2020

How Can I Support My Disabled Son Without Affecting his Section 8?

Question: My son, George, now age 49, lives in Massachusetts. He was disabled in a mountain biking accident ten years ago which left him paralyzed from the waist down. Although he has [...]

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 Does a Life Insurance Policy Owned by Someone Else Have to be Spent Down for Medicaid?
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By Harry Margolis
In Long-Term Care Planning
Posted July 14, 2020

Does a Life Insurance Policy Owned by Someone Else Have to be Spent Down for Medicaid?

Question: If a child is the owner of a life insurance policy, and the parent is the insured, is the policy excluded from a Medicaid spend down? There was no transfer of ownership; the child was [...]

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 Can Medicaid Trust Borrow Money to Buy New House?
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By Harry Margolis
In Long-Term Care Planning
Posted March 3, 2020

Can Medicaid Trust Borrow Money to Buy New House?

Question: My parents have an irrevocable trust that holds most of their assets, including their house. They are purchasing a new home but since they do not have enough money, they will have to [...]

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 Are IRAs Countable Assets for Purposes of Medicaid Eligibility?
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By Harry Margolis
In Long-Term Care Planning
Posted February 14, 2020

Are IRAs Countable Assets for Purposes of Medicaid Eligibility?

Question: If I need to go to a nursing home on Medicaid, will my wife’s IRA be counted as an asset in determining my eligibility? Response: That depends on your state. Some states treat [...]

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 Can You Buy & Transfer No-Cash-Value Life Insurance Policy without Medicaid Penalty?
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By Harry Margolis
In Long-Term Care Planning
Posted August 2, 2019

Can You Buy & Transfer No-Cash-Value Life Insurance Policy without Medicaid Penalty?

Question: What if a Medicaid recipient bought a whole life insurance policy and transferred ownership to a party with an insurable interest immediately, before any cash value has developed? This [...]

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