Can mother sell home for less than market value and not get penalized by medicaid.

Any transfer for less than fair market value is considered a gift for purposes of Medicaid eligibility. Therefore, the fair market value - amount...

Who is responsible for my mother's nursing home bills if ineligible for Medicaid due to giving away her money?

Filial responsibility laws used to be in effect in most states many years ago; however, most states have since repealed them or simply do not...

Is it wiser to add my two sons to the title on my house, or do a living trust ?

You are absolutely correct in your concerns. You may want to consider future Medicaid qualification for potential nursing home care as an issue, as...

Older powers of attorney used to restrict gifting power to the federal gift tax exclusion amount (in 2014, $14,000 per gift per person). Newer POAs...

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I purchased my fathers home for fair market value, I paid him his equity. can he spend that money as he sees fit.

It seems that there are two separate transactions about which you are concerned (your purchase of your parents home and your father's giving you...

Can I gift my children a monetary gift to avoid losing it to medicaid

I agree with my colleague's answer and wish to add only that, because you are already in a nursing home, and because it seems that you are not yet...

Life estate deeds can protect your home from Medicaid estate recovery, if done properly, and depending on whether your state uses the expanded...

Wills and Estates- on how to be notified of when your in one upon a death

Generally, when the will is admitted to probate, the county commissioner will send a notification to named beneficiaries in the will.

Do I need to hire an attorney to assure my future in a Continuing Care Community?

You should consult with an elder law attorney in your area. Your concern is reasonable given your policy's provision limiting coverage. Your...

If you get a one time check of 50k-100k from long term capital gains, will you lose medicaid temporarily or permanently?

More information is definitely needed. For instance, it may depend on the type of Medicaid the family is currently receiving (e.g., for long-term...