Legal Question in Real Estate Law in Wisconsin

Yes, if your mother goes into long term care and has to apply for Medicaid (Title XIV) to pay for that care, there can be repercussions if she transferred assets for less than their full value within certain time periods. This is known as a "penalty period, during which time she can be disqualified from receiving benefits. For this reason, Medicaid divestment planning should never be attempted without the assistance of an experienced estate planning or asset protection attorney. Please do not assume that I am your attorney because of my response here. Call my office in Racine (262-633-3090 or email [email protected]) for clarifications or to make arrangements to retain me. Otherwise, I will not be taking any action on your case. See me on the web at www.jayknixonlaw.com. View over fifteen years of my past answers at http://www.lawguru.com/answers/search/attorney/jknixon. Answers may contain attorney advertising materials.