The Top Eight Mistakes People Make with Medicaid Qualification

1. Thinking it’s too late to plan.It’s almost never too late to take planning steps, even after a senior
   has moved to a nursing home.
2. Giving away assets too early. First, it’s your money (or your house, or both). Make sure you take care of yourself first. Don’t put your security at risk by putting it in the hands of your children. Precipitous transfers can cause difficult tax and Medicaid problems as well.
3. Ignoring important safe harbors created by Congress. Certain transfers are allowable without jeopardizing Medicaid eligibility. These include: transfers to disabled children, caretaker children, certain siblings and into trust for anyone who is disabled and under

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