Seek Legal Advice before Gifting Assets

If significant assets are transferred to a child, then there will be a tax and estate planning ramifications from the transaction.  The transfer of funds may prevent the parent from obtaining Medicaid assistance to pay for needed long-term care. In a decision rendered by the Appellate Division of the New Jersey Supreme Court, a mother… Continue reading Seek Legal Advice before Gifting Assets

Medicaid’s Determination of Spousal Support

The calculated Medicaid spousal support when the husband or wife enters into a nursing home facility is often inadequate because Medicaid regulations base support on the poverty line for a family of two.  If a spouse is not pleased with the decision rendered by Medicaid on the issue of spousal support, then an appeal can… Continue reading Medicaid’s Determination of Spousal Support