Question: Suppose a sibling living in New York State is in need of long-term care. She wants and become Medicaid eligible, so she is planning to transfer her cash assets to her younger sister, [...]
Can Wife of Medicaid-Covered Nursing Home Resident Sell Rental Property and Give Proceeds to Children?
Question: My husband has been in a nursing home for two years already. I need to sell 5 rental homes that I cannot manage and don’t want any more. Can I sell them if they are on my name? [...]
Question: My mother, who is 93, is in long-term dementia care. She has a reverse mortgage but due to her never receiving monthly payments, she qualified for Medicaid. It is now time to sell the [...]
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 [...]