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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 spend down"
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 How Can Medicaid Beneficiary Use Inheritance to Update Bathroom?
0
By Harry Margolis
In Special Needs Planning
Posted June 28, 2022

How Can Medicaid Beneficiary Use Inheritance to Update Bathroom?

Question: I have been getting Medicaid in-home assistance for approximately two years I am getting a unexpected check from an inheritance that I plan to use to replace a tub with a shower. But I [...]

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 Is Property in an S Corp or LLC Counted for Medicaid Eligibility?
0
By Harry Margolis
In Long-Term Care Planning
Posted December 27, 2021

Is Property in an S Corp or LLC Counted for Medicaid Eligibility?

Question: In Virginia is property owned in an S corporation and or LLC counted as an asset when applying for Medicaid? Response: While I don’t know about Virginia in particular, I [...]

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0
By Harry Margolis
In Long-Term Care Planning
Posted October 13, 2020

Life insurance can be assigned towards funeral costs for Medicaid spend down

Question: Can the ownership of a whole life insurance policy be changed to a funeral home to make someone Medicaid eligible prior to the application being submitted without penalty? Response: [...]

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 Does a Life Insurance Policy Owned by Someone Else Have to be Spent Down for Medicaid?
0
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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 How Can the Proceeds of House Sale Be Protected for Nursing Home Resident?
6
By Harry Margolis
In Long-Term Care Planning
Posted February 23, 2018

How Can the Proceeds of House Sale Be Protected for Nursing Home Resident?

Question: My mother has Alzheimer’s disease and is in a nursing home already being covered by Medicaid. After we hand over all my mother’s pension money each month ($4,000), Medicaid [...]

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