Frequently Asked Questions





 


Q: Can my ailing husband just transfer all of his assets to me so he’ll be eligible for Medicaid?

A: This is a common – but untrue – belief held by some families looking for ways to protect their assets from the potentially devastating costs of nursing home care.  In general Medicaid law says that the assets of one spouse also belong to the other spouse, so transferring assets between spouses will accomplish nothing.

However you should not despair.  There are other legitimate, legal and ethical ways to protect your assets so that your husband qualifies for Medicaid.  You may even be able to reduce your taxes.

If you know that a family member is facing a long, debilitating illness and you are concerned that you won’t qualify for Medicaid before he or she loses everything, there is hope.  Contact the attorneys at Shields & Boris and remember that we back our asset protection plans with a 100% money back guarantee if we are unable to fulfill our promise to preserve and protect the assets that we promise you will be protected.


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