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 transfer assets without receiving fair value in return.

 

Keep reading here.

Michael Monteforte, Jr.
Connect with me
People come to me in trying times and when I tell them I can help them, the weight falls off their shoulders.