Legal Question in Real Estate Law in Virginia
deplete assets
How do I transfer my property so I can qualify for Medicaid When does this need to be done.
Asked on 2/16/09, 1:52 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: deplete assets
You might wish to consult an elder law attorney with
expertise in Medicaid issues who should be able to advise you on this issue, and, in particular, the issue involving the so-called "look back" window during which time such property transfers such as you've mentioned may be challenged by the state
Medicaid agency, and, even reversed and the property
claimed by the state as reimbursement for the Medicaid. This window has been extended in recent years and may now extend as far back as five years or so from the date of the property transfer by the Medicaid applicant/recipient.
Answered on 2/16/09, 3:58 pm