FAQs
Yes! The Medicaid Estate Recovery Program will lay a claim on mom or dad’s assets if you do not plan accordingly.
A Miller Trust is a legal devise used to excuse a Medicaid applicant for being over the income cap of $2,205.00
This will cause transfer penalties (with few exceptions) and could prevent your loved one from receiving the medical care.
It is a property deed that reserves a life estate for the grantor while conveying a future contingent remainder interest that is revocable. This deed is typically used to protect the applicant’s homestead.
No, you may not need to sell their home to private pay a facility. You can and should leverage the assets you do have to obtain Medical eligibility.
The Community Spouse can have unlimited income. However, the rules allow the spouse to have a minimum of $3,022.50 of the marital income.
You can, however, it may take many months before you hear back from the VA regarding eligibility. Medicaid can be awarded in as little as 45 days and can cover more expenses than Aid and Attendance can.
Possibly; it depends on what types of assets the applicant owns, when the debt was incurred, and when he or she entered long-term care. It should be thoroughly explored.
All of the applicant’s assets are thoroughly analyzed to determine the best course of action with regard to debt, monthly expenses, and or preexisting financial obligations.
When it becomes obvious that mom or dad cannot return to their own home because of their medical needs.
No. The Mayo Law Firm does NOT charge a consultation fee. If you engage The Mayo Law Firm for services, we will set up a follow up due-diligence meeting and set a date to execute any legal documents needed. If needed, The Mayo Law Firm will visit the client or family member at the resident’s long term care facility.
