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Eldercare
Reply to "Assets and long term care"
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[quote=Anonymous]Get a GOOD lawyer in the STATE OF RESIDENCE NOW! GOOD = SUCCESSFUL track record in qualifying single people in partnerships co-owning a home for Medicaid w/o jeopardizing home ownership. Do it as soon as possible to trigger the Medicaid look back - the more quickly your mom passes through the five years, so much the better. I don't think folks should needlessly game Medicaid, but it is pretty dang hard to see surviving spouses/partners/caregivers/adult children on the street when the ONLY asset is sold off. This is one of the PRIMARY reasons that there is little to no intergenerational transfer of wealth in poor and working class families. [/quote]
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