[WSBAPT] Off Topic Medicaid Q

[Josh Grant]

Yes.
Keep in mind however that if a life estate was created on or after 7/1/05 that the real estate is considered an asset.

Joshua F. Grant

P. O. Box 619
Wilbur, WA 99185
509 647 5578

From: Ken Luce 
Sent: Wednesday, November 04, 2020 12:18 PM
To: WSBA Probate & Trust Listserv 
Subject: [WSBAPT] Off Topic Medicaid Q

If a person has a life estate in real property can they use their funds to make repairs to the real property that need to be done and not have the funds being considered as a transfer that would disqualify them from medicaid benefits?

 

Ken Luce

Luce & Associates, P.S.

4505 Pacific Hwy. E., Suite A

Tacoma, WA 98424

T: (253) 922-8724

F: (253) 922-2802

www.LuceLawFirm.com  

 

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