Does having your money and assets in a trust, protect your assets from the government when applying for Medicaid? - AgingCare.com

Does having your money and assets in a trust, protect your assets from the government when applying for Medicaid?

Follow
Share
This question has been closed for answers. Ask a New Question.
1

Answer

Show:
Medicaid is managed by each state under an overall federal guideline. So each state can determine how trusts are viewed legally and whether they are in compliance for your state's Medicaid rules. Like some states allow for property placed in an enhanced benefit trust (aka a Lady Bird Deed) to be exempt, while in other states not so. You need to speak with an elder law attorney in your state.
Helpful Answer (0)
Report

This question has been closed for answers. Ask a New Question.
Related
Articles
  • MFP through Medicaid is a special program that helps seniors avoid being institutionalized. The grant money has allowed states to set up an infrastructure to determine which nursing home patients are most likely to benefit from a move from an institutional setting.
  • Applying for Medicaid for an aging parent can be tricky. One caregiver describes his personal experience navigating the system.
Related
Questions