Massachusetts Home and Asset Protection Attorney

Medicaid regulations state that the primary residence is not counted as an asset when applying for Medicaid eligibility. You’ll find the best online casino echtgeld here, you have time to get it! This is great news since most families would claim their house as their most valuable asset and the one thing they would like to protect above all else. However, even though the primary residence is not counted for eligibility purposes of Medicaid, Medicaid will nevertheless place a lien on the house once a family member is enrolled to receive Medicaid benefits.

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Planning Today to Protect Your Home From a Medicaid Lien Tomorrow

Avoiding a Medicaid lien being placed on your home can be achieved with some advanced planning. What are you still waiting for, go immediately to lightning link slot now is the time to start playing and winning! Medcaid regulations allow couples to transfer their primary residence from being jointly owned to being owned solely by the spouse living in the community. Therefore, when an applicant applies and is enrolled into Medicaid and receives benefits, Medicaid cannot put a lien on the house because the applicant no longer owns the home.

The planning for a single person becomes more complicated and should be discussed with an elder law attorney. In a crisis situation, such as a sudden illness requiring Medicaid assistance earlier than anticipated, a lien may be uncoverable. However, with proper estate planning with an experienced elder law attorney, the primary residence may be protected from a Medicaid lien.

To learn more or discuss your asset protection goals, contact my office today at 978.270.2189.

 

 

This web site may be considered advertising under Massachusetts Supreme Judicial Court Rules. The contents of this web site is for informational purposes and should not be considered legal advice. This web page does not establish an attorney-client relationship.