when a home's title is in a Irrrevocable Trust, can this still be considered an asset to Medicaid?
Asked on 3/05/10, 6:56 am
1 Answer from Attorneys
Leon Ferraez
Ferraez, LLC
Generally, no. However, one would have to examine the trust to know exactly how it might affect Medicaid. There are other issues to consider when the home is the homestead.
Answered on 3/10/10, 7:10 am
Related Questions & Answers
-
My eldery Mother, in florida, has given POA to my brother, who refuses to... Asked 2/20/10, 6:13 am in United States Florida Elder Law
-
My 82-year-old mother may not be able to return to her N. Miami Condo again. She is... Asked 2/01/10, 10:16 am in United States Florida Elder Law
-
My stepfather is 94 and in a nursing home. My mother has POA but would like to give... Asked 1/24/10, 11:46 am in United States Florida Elder Law
-
If you have a Durable Power of Attorney with Health and Financial ability and you... Asked 1/16/10, 2:43 pm in United States Florida Elder Law
-
My parents are on medicare and have a small savings and a paid for home. I am... Asked 1/09/10, 2:12 pm in United States Florida Elder Law