Can My Mom Take Out a Home Equity Loan on a House in Her Name Without Affecting My Dad’s Medicaid Benefits?

My dad is in a nursing home and qualified for Medicaid nearly three years ago. My mom still lives in their home in Pennsylvania. The deed was transferred into her name alone during Medicaid’s “spend down” period. She was planning to take out a home equity loan, but she has been told it might jeopardize my dad’s Medicaid eligibility. Is this true?

Can My Mom Take Out a Home Equity Loan on a House in Her Name Without Affecting My Dad’s Medicaid Benefits? Read More »

Can I Transfer My Grandmother’s Car to My Name Without Causing a Medicaid Penalty Period?

An elder law attorney suggested the purchase of a vehicle as a way to protect some of my grandma’s assets. While this would be excluded during the Medicaid spend-down, what can we do to prevent the car from being taken by estate recovery after she passes? I was told to do a title transfer from her name to mine after she is qualified for Medicaid. Is it really that simple?

Can I Transfer My Grandmother’s Car to My Name Without Causing a Medicaid Penalty Period? Read More »

Estate Tax

2021 Update: Should You Be Concerned about the Estate Tax?

By James S. Rizzo, Esq.* “The difference between death and taxes is death doesn’t get worseevery time Congress meets” – Will Rogers I frequently tell clients if they have to worry about the estate tax, it’s generally a “good problem to have”, as that means their asset level is quite high. That was not the

2021 Update: Should You Be Concerned about the Estate Tax? Read More »

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