| 1. Will
Medicaid take my home?
2. Do I have to spend all
my money and sell my property to qualify for Medicaid?
3. If I go into the
nursing home, do I have to sell my farm to qualify for Medicaid?
4. Can I make any gifts
or give away any of my property for 3 years prior to being eligible for
Medicaid?
5. If my spouse goes into
the nursing home, will I lose his or her income?
6. Will I only get to
keep 1/2 of our assets if my spouse goes into the nursing home and have
to spend down the other 1/2 of the assets to qualify my spouse for
Medicaid?
7. Is it too late to plan
for Medicaid if I or my spouse is already in the nursing home?
The above questions and
concerns can easily be resolved favorably with proper legal
planning. There are several options available to Medicaid
applicants, spouses, and family members to preserve personal property
and real estate.
Obtaining an attorney who
concentrates his or her practice in the area of Medicaid planning and
Medicaid eligibility can greatly assist in protecting personal property
and real estate for you and your loved ones.
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