There are three serious problems inherent in such an asset transfer strategy. First, the federal statute governing Medicaid ... Protection purposes, this Trust has been designed to reduce creditor ...

My Oct. 24, 2005, column discussed the practice of “gifting” assets to family members to qualify for free eldercare under Medicaid. I called it “artificial impoverishment” and talked about ...

Spouses may transfer assets between themselves ... on the date you become eligible for Medicaid long term care services, NOT the date of the actual gift, which was the case prior to May 1, 2006.

Doing so would potentially shield it from Medicaid, but you have to create the right kind of trust. An irrevocable Medicaid asset protection ... can reduce your assets. But gifts above $17,000 ...

I once had a statistics professor fond of saying, “If you torture a number long enough it’ll tell you anything.” Statistics can be used to support any issue if properly fram ...