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- Caregiver Child
- Centers for Medicare and Medicaid Services
- Clay County
- Duval County
- Elder Law
- Estate Planning
- Florida
- Florida First Coast
- Jacksonville
- Julington Creek
- Long-Term Care
- Long-Term Care Planning
- Medicaid
- Medicaid Asset Transfer Rules
- North Florida
- Orange Park
- Probate
- Seniors
- Skilled Nursing Home Care
- St. Augustine
- St. Johns County
- Trusts
- Wills
- 4 months ago
- In order to be eligible for Medicaid, you cannot have recently transferred assets. Congress does not want you to move into a nursing home on Monday, give all your money to your children (or whomever) on Tuesday, and qualify for Medicaid on Wednesday. So it has imposed a penalty on people who transfe... [read more]
Category archives: Medicaid Asset Transfer Rules
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- Caretaker Child
- Children
- Clay County
- Elder Law
- Elderly
- Estate Planning
- Family Care Agreement
- Florida
- Florida First Coast
- Jacksonville
- Julington Creek
- Life Care Planning
- Long-Term Care
- Medicaid
- Medicaid Asset Transfer Rules
- North Florida
- Orange Park
- Planning
- Probate
- Property
- Seniors
- St. Augustine
- St. Johns County
- Trusts
- Wills
- 5 months ago
- In most states, transferring your house to your children (or someone else) may lead to a Medicaid penalty period, which would make you ineligible for Medicaid for a period of time. However, there are circumstances in which transferring a house will not result in a penalty period. One of those... [read more]
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- Aging In Place
- Asset Preservation
- Care Planning
- Caregivers
- Clay County
- Duval County
- Elder Law
- Estate Planning
- Florida
- Florida First Coast
- Green Cove Springs
- Jacksonville
- Julington Creek
- Life Care Planning
- Medicaid
- Medicaid Asset Transfer Rules
- Medicaid Eligiblity
- Medicaid Estate Recovery
- North Florida
- Orange Park
- Save Family Homes
- Seniors
- St. Augustine
- St. Johns County
- Transfers
- 11 months ago
- While you generally do not have to sell your home in order to qualify for Medicaid coverage of nursing home care, it is possible the state can file a claim against your house after you die, so you may want to take steps to protect your house. If you get help from Medicaid to pay for the nursi... [read more]
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- Annual Gift Tax Exclusion
- Care Planning
- Clay County
- Elder Law
- Elderly
- Estate Planning
- Florida
- Green Cove Springs
- IRS
- Jacksonville
- Julington Creek
- Life Care Planning
- Long-Term Care
- Medicaid
- Medicaid Application
- Medicaid Asset Transfer Rules
- Medicaid Eligiblity
- Medicaid Planning
- North Florida
- Orange Park
- St. Augustine
- St. Johns County
- 1 year ago
- If you have it to give, you certainly can, but there may be consequences should you apply for Medicaid long-term care coverage within five years after each gift. The $15,000 figure is the amount of the current gift tax exclusion (for 2018), meaning that any person who gives away $15,000 or le... [read more]