Question: Mom owned a life insurance policy on my father, who recently passed away. They named us kids as the beneficiaries. There was some cash value. When Mom eventually applies for Medicaid, [...]

Question: If a grandfather provision implemented, should the current five-year look-back period for Medicaid transfers be extended? If you’re four years into a plan, and the law changes to [...]

Question: Can someone applying for Medicaid transfer a $50,000 fave value universal life policy with a cash value of $1,906 to a spouse under the spousal impoverishment rules? Response: Yes. [...]

One of the prime planning techniques used before a change in the  law meant to bar it, often referred to as “half a loaf,” was for the Medicaid applicant to give away approximately half of his or [...]