Post 6 and 23 discuss the planning technique of an applicant transferring property to a child whose care allowed the parent to remain at home for at least a two-year period prior to institutionalization. These articles assume the time period had been met.
However, as can be seen Medicaid planning requires creativity. For example, a parent/ possible applicant may be living at home and needs the care of a child (assumes single). If the child moves in and provides the necessary care, Post 6 sets forth the procedure for transferring the home to the caretaker child (i.e. transfer at Medicaid hearing). Therefore, i have had a client (potential applicant) request her daughter to move into the home and hopefully the parent will not go into a nursing home for at least two years. For a more detailed analysis, see Post 6.
This plan resulted from a lengthy discussion with the client of numerous possibilities regarding the home ( for such discussions, see Post 18 and 41).
Disclaimer: This article does not constitute legal advice and each person may have unique facts for which legal consultation may be necessary.
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