20 Apr Medi-Cal After Acquired Asset Strategy For The Home
Medi-Cal After Acquired Asset Strategy For The Home
After the ill spouse has been qualified for Medi-Cal, the home can be transferred from the ill spouse to the well spouse without penalty. Then, the well spouse can sell the home and utilize the proceeds of sale for the couple’s care, without penalty. Transfers between couples “inter-spousal transfers” do not trigger a disqualification penalty under Medi-Cal. The home has been established as an “exempt asset” for Medi-Cal qualification because the ill spouse has confirmed in writing an intent to return to her home, even though she is in a nursing home, and may never return home. You may contact our office to discuss this and other strategies for asset protection and Medi-Cal qualification.
Workshop Wednesday April 29, 2015 from
3:00 to 4:30 p.m. in
Walnut Creek, CA at Tiffany Court Assisted Living Community, 1866 San Miguel Dr., Walnut Creek, CA
RSVP: 925-256-0298
“Get Your Ducks in a Row”
And Learn About “Sustainable Estate Planning TM” Win a copy of Mr. Young’s new book, “Don’t Go Broke In A Nursing Home”
No Comments