asset tranfer
if i have lived with my parent in their home as a caregiver for 3yrs can we transfer the home to me with out a penalty from medicaid if i need to place him in a nursing homeand can this be done ahead of time?
Asked on 3/20/07, 12:03 pm
1 Answer from Attorneys
Michael Moberg
Moberg & Associates
Re: asset tranfer
Yes it would be construed as an exempt transfer for medicaid purposes.
You may contact me at anytime for a complimentary Medicaid consulatation.
Answered on 3/23/07, 4:35 pm
Related Questions & Answers
-
Dissolve a Trust I want a Testamentary Trust account to be dissolved. The Trustee... Asked 3/18/07, 10:35 pm in United States New York Elder Law
-
Elder if there are two names on the checking and saving account and one dies-does... Asked 3/01/07, 10:07 am in United States New York Elder Law
-
Senior bankruptcy My family has just become involved with my 80 year old parents.... Asked 2/27/07, 5:34 pm in United States New York Elder Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
