Is there a way to protect my Medicaid benefits in the event I receive an inheritance?
Through the creation of certain irrevocable Supplemental Needs Trusts, you can protect your Medicaid benefits in the event you are the recipient of an inheritance, personal injury claim or divorce award. It is best to seek the advice of an experienced Elder Law attorney regarding the right plan for your particular situation.
More Medicaid FAQs
- As the Community Spouse, will I be allowed to retain any of my husband’s income?
- As the Community Spouse, will I be allowed to retain any of my husband's income?
- Can I pay my children for services they provide to me, i.e. laundry, taking me to doctors appointments, etc.?
- Can I transfer all of my assets to my children?
- Do I have to cash in my life insurance policies?
- Do the accounts that I own jointly with someone else count toward my Medicaid eligibility?
- Is there a way to protect my Medicaid benefits in the event I receive an inheritance?
- Is there any way to save the family home?
- What are my options to help pay for assisted living facility or nursing home care in the future?
- What are non-countable and countable resources?
- What is Medicaid Estate recovery?
- When can I file a Medicaid Application?