[WSBAPT] Medicaid question

[Anthony Vivenzio]

Listmates,

We have our first estate planning issue involving Medicaid eligibility.
Client is a 94 year old woman.  Her sister-in-law passed away in 2018 and
$50,000 to $100,000 (to be determined).  While client is still relatively
healthy for a 94 year old, her children are concerned that she will soon
require services that will exceed her very modest resources.  What do you
believe might be the best method for her to remain eligible for Medicaid?
Can she disclaim the inheritance in favor of her children?  Can the estate's
PR give the money directly to a special needs trust under the trusteeship of
one or more of the children?  Should she embark on a spending spree
purchasing items qualifying as "eligible"?  Your thoughts would be much
appreciated. 

 

Anthony D. Vivenzio,

Attorney and Counselor at Law

PO Box 208

540 Guard Street, Ste. 260

Friday Harbor, WA  98250

(360) 378-6860

 <mailto:vivenziolaw at rockisland.com> vivenziolaw at rockisland.com

 

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