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Protecting the Family Cottage from a Medicaid (MassHealth) Spend Down Through an Irrevocable Trust

August 23, 2011 by Kristina

An irrevocable trust is an excellent tool when preplanning for Medicaid benefits.  Anything that is put into the irrevocable trust is protected from a Medicaid spend-down if five years pass from the date of the transfer. [Read more…]

Filed Under: Blog, Gifting, MassHealth, Trusts, Uncategorized Tagged With: irrevocable trusts, MassHealth Planning, medicaid planning

When it Could be OK to Give Assets Away When Planning for Long Term Care (Nursing Home)

March 15, 2010 by Kristina

Not long ago, I posted a blog on gift transfers and their affect on qualification for MassHealth (Medicaid) for an institutionalized individual. Generally, transferring assets to dispose of property so that you qualify for MassHealth will not actually help you qualify because the state imposes a five-year “look-back” period, in which those assets are counted and used to assess eligibility for MassHealth. Fortunately, there are some exceptions to the general rule. [Read more…]

Filed Under: Elder Needs, Family, Gifting, Longterm Care, Uncategorized Tagged With: caregiver, caregiver child, elder law, long term care, long term care planning, Longterm Care, Massachusetts, MassHealth, MassHealth Planning, Medicaid, medicaid planning

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Vickstrom Law, PC
Kristina R. Vickstrom, Esq.
172 Shrewsbury Street
Worcester, MA 01604
508.757.3800


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Have a question? Give us a call.
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Articles

Divorce, Remarriage and Social Security

Divorce, Remarriage and Social Security

September 10, 2018 By Kristina

Four Steps to Naming a Legal Guardian

Four Steps to Naming a Legal Guardian

July 23, 2018 By Kristina

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