Elder Law / Medicaid Planning
Medicaid is a nursing home care benefit provided to persons in need, and who meet the eligibility tests. Certain assets do not count and are considered “exempt” for Medicaid qualification, although they may be subject to a Medicaid reimbursement claim upon death.
Medicaid planning generally involves giving away nonexempt real property and spending down cash and other financial assets during the minimum 5 year period of disqualification after significant gifts. Medicaid planning can be done separately, or as part of Estate planning. Both Patricia Gillespie and Michael Trefny can assist you with Medicaid planning.