Medicaid Estate Recovery, Friedman Law

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Medicaid Estate Recovery

Posted on: January 30th, 2012 by Lawrence A. Friedman

When a Medicaid recipient passes away, the state can recover Medicaid expenditures from the individual’s probate estate and perhaps from other assets in which the individual once had an interest. As explained in greater detail throughout moccasin-raven-952372.hostingersite.com/, individuals may employ various planning techniques to preserve savings and qualify for Medicid to fund long term care. For instance changing a will or title to a home and other assets may shelter assets against Medicaid estate recovery.

An unusual story in the December 26, 2011 Eagle Tribune of North Andover, Massachusettes illustrates how expensive estate recovery can be. Massachusettes courts ruled that close to $200,000 found in a safe on a vacant lot could be taken to repay Medicaid provided to the safe’s former owner. While the state may be more deserving of this money than potential claimants, like the person who dumped the safe in the lot, it seems a shame that the owner’s relatives lost so much money to Medicaid. Perhaps the moral of this story is that consulting an elder law attorney early regarding options to fund long term care may permit families to protect substantial savings and still obtain quality long term care.

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Homepage photo: Cows grazing at Meadowbrook Farm, Bernardsville, NJ by Siddharth Mallya. October 23, 2012. http://en.wikipedia.org/wiki/File:Autumn_Leaves_13.jpg.
Interior photo: Somerset hills pastoral scene by Lawrence Friedman.

 This website provides general information, that does not take into account your particular situation or rules and exceptions that may affect you. This website does not provide legal advice, and information herein is not meant to be acted on. You should obtain individual legal advice about your situation before you act, and you assume all risk for acting on any information on this website. There is no attorney-client relationship as a result of this website, and there is no attorney-client relationship between FriedmanLaw and you unless you execute a written engagement agreement with Friedman Law. The Supreme Court of New Jersey does not endorse attorney advertising, and no aspect of this advertisement has been approved by the Supreme Court of New Jersey.

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Homepage photo: Cows grazing at Meadowbrook Farm, Bernardsville, NJ by Siddharth Mallya. October 23, 2012.