Category Archives: Medicaid Eligibility

Estate Planning and Medicaid Eligibility

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Category: Medicaid Eligibility | Estate Planning

Estate Planning & Medicaid Eligibility

 

Including a friend or relative in your will could jeopardize the recipient’s eligibility for government assistance, including Medicaid. If someone relies on Medicaid, even a small inheritance could disqualify them, in some cases costing the recipient much more than the gift itself was worth.

 

It is possible to protect Medicaid eligibility by placing the inheritance in a trust. However, someone other than the intended recipient must be designated as trustee, and that trustee must be given complete control and discretion over whether and how any distributions are made.… continue reading