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Transfer to Special Needs Pool Trust creates Penalty Period


Triggers Medicaid Penalty Period

Eighty-seven-year-old Yvonne Richardson resided in a nursing home and received Medicaid benefits. Ms. Richardson’s conservator deposited money from the sale of her house into a pooled special needs trust. The Maine Department of Health and Human Services notified her that it would suspend her Medicaid benefits as a result of the asset transfer because it considered the transfer to be for less than fair market value.

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Monteforte Law Team

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