Why is it important to contact a medicaid planning attorney?
Why is it important to contact a medicaid planning attorney?
“So some of the penalties that can be involved in improper Medicaid planning are that you can really hit a disqualification period, where you basically may be up against a disqualification period that goes for years. Because if you do something like give away assets and then you can’t get them back or they got spent by a family member, or you sold your house and gave the proceeds to your kids, those types of penalties, the penalty periods can be quite extensive. There are ways to offset that, however, if you do it before you apply. So you want to make sure that you contact a Medicaid planning attorney before you make application, not after, because once that disqualification period is applied, it is difficult to undo it.”
