Giving money to a grandchild for college or charity, helping adult children financially, or transferring a home to the next generation may seem like generous gestures. However, certain gifts and asset transfers can have unintended consequences for Medicaid eligibility, often years after the gift is made.
Under Medicaid rules, transfers for less than fair market value can trigger a penalty period, delaying eligibility for long-term care benefits even when an individual otherwise meets the financial requirements.
Join Lou Pierro, Aaron Connor, and Frank Hemming, elder law attorneys at Pierro, Connor & Strauss, for our December 14 Medicaid Monday webinar. They’ll explain how Medicaid evaluates gifts and transfers, highlight common mistakes, and discuss how individuals, families, and the professionals who advise them can recognize potential problems before assets are given away.
Proper planning can help avoid costly penalties and protect a client’s – or your own – long-term care options. Whether you’re planning for yourself or advising clients, know the Medicaid rules before assets change hands.
Register here to reserve your spot. Free to attend.
