Medicaid

Transfer of assets – court case

On Behalf of Koldin Law Center, P.C. | Oct 28, 2013 | Medicaid

Under the Medicaid transfer penalty rules, any transfers made within five years from the date of the Medicaid application will be presumed by the Medicaid Agency to have been made for the purpose of depleting assets to qualify for Medicaid and subject to a transfer...

Transfer to child who went bankrupt

On Behalf of Koldin Law Center, P.C. | Apr 2, 2013 | Gifting, Medicaid

In 2002, a woman in Virginia transferred a portion of her life savings to her daughter for the specific purpose of protecting her assets in case she ever needed nursing home care. The daughter later filed for bankruptcy. The Bankruptcy Trustee demanded that the...