Estate and Retirement Planning

Estate and Retirement Planning

We can help you with:

Estate Planning Corporate Planning Asset Protection

Important Facts About Medicaid: The Home

Depending on the state, nursing home residents do not have to sell their homes in order to qualify for Medicaid. In some states, the home will not be considered a countable asset for Medicaid eligibility purposes as long as the nursing home resident intends to return home; in other states, the nursing home resident must prove a likelihood of returning home. In all states, the house may be kept if the Medicaid applicant’s spouse or another dependent relative lives there.

» Medicaid Introduction
» Resource (Asset) Rules
» Treatment of Income
» The Home
» Protections for Healthy Spouse
» Is Transferring Assets Against the Law?
» The Transfer Penalty
» Exceptions to Transfer Penalty
» Estate Recovery

Einheuser & Nakisher, PLLC
Attorneys and Counselors at Law
25600 Woodward Avenue, Suite 104
Royal Oak, MI 48067

 

Tel: 248-398-1800
Fax: 248-398-9771