We’ve talked before about a few of the most common Medicaid and nursing home myths, and today, we’re back for more! Keep reading and make sure you know what is fact and what is fiction. Myth: If I give ANYTHING away, I am ineligible for Medicaid. Although this is not true, this particular area of Medicaid is very complicated. The best thing to do is to consult with an experienced elder law attorney before transferring any assets. (AFT cannot give legal advice.) Transfers between spouses are exempt, but if you transfer assets to someone other than your spouse, you will likely be subject … [Read more...]
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