Medicaid Planning

This could range from conversion of countable resources to non-countable resources to transfer planning and the use of trusts to protection of the homestead after death from Medicaid estate recovery.

Options include, without limitation: (1) exceptions to the transfer penalty rules (2) other transfer planning including the use of a Medicaid -compliant annuity (3) changing the nature of the resources to being exempt; (4) proper planning for payment of debts; and use of Ladybird and use of Transfer on Death deeds.

Toggle This includes, without limitation: (1) homestead – subject to equity limitation if single if there is an intent to return home; (2) one vehicle; (3 ) certain annuities; (4) traditional IRAs if there are required minimum distributions; (5) pre-need funeral contract for applicant and spouse; (6) burial spaces for children, parents and siblings and their spouses (7) business essential for self-support; and (8) most personal property items. There are limits of countable resources (i.e., cash) if the applicant is married with the amount often dependent on the income of the couple.