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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: "transfer penalty"
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 What Dates Matter for the Medicaid Transfer Penalty?
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By Harry Margolis
In Long-Term Care Planning
Posted July 15, 2022

What Dates Matter for the Medicaid Transfer Penalty?

Question: Can you clarify some benchmark dates for making a long-term care Medicaid application? Does the five-year look-back period start (or end) on the same date as the date of the mailed-in [...]

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 How Can Mother Needing Nursing Home Care Protect Home for Disabled Daughter?
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By Harry Margolis
In Long-Term Care Planning, Special Needs Planning
Posted April 1, 2021

How Can Mother Needing Nursing Home Care Protect Home for Disabled Daughter?

Question: My mother may need to go into long-term nursing home care and apply for Medicaid. She wants to be at home, but we are not sure how long we can continue to pay out-of-pocket for home [...]

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 Would Bankruptcy Affect Medicaid Eligibility of Co-Owner of Account?
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By Harry Margolis
In Long-Term Care Planning
Posted October 26, 2018

Would Bankruptcy Affect Medicaid Eligibility of Co-Owner of Account?

Question: I recently was added to a relative’s mutual fund account as a co-owner. If I were to file for bankruptcy and lost the account, could Medicaid seek a penalty against these funds if [...]

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By Harry Margolis
In Charitable Giving, Long-Term Care Planning
Posted February 20, 2018

Can a Medicaid Applicant Rescind a Charitable Gift?

Question: If an individual gave a substantial gift to a church a year or two before moving to a nursing home and needing to apply for Medicaid coverage, can the church be required to return the [...]

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 Medicaid Planning with the Half-a-Loaf or Rule of Halves Strategy
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By Harry Margolis
In Long-Term Care Planning
Posted August 11, 2017

Medicaid Planning with the Half-a-Loaf or Rule of Halves Strategy

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 [...]

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 The Complicated Medicaid Transfer Rules
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By Harry Margolis
In Long-Term Care Planning
Posted May 19, 2017

The Complicated Medicaid Transfer Rules

As explained in this post about qualifying for Medicaid coverage of your nursing home care, you’re limited to $2,155 in countable assets (as of 2021 in most states) and your spouse is [...]

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  • Asset Protection (34)
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