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My loved one needs nursing home care and needs to qualify for Medicaid. Is there any way he/she can transfer assets to other family members without affecting his/her Medicaid eligibility?

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My loved one needs nursing home care and needs to qualify for Medicaid. Is there any way he/she can transfer assets to other family members without affecting his/her Medicaid eligibility?

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Please exercise extreme caution in these situations. Transfers of this nature may result in costly penalties. Nonetheless, the answer is yes, to an extent. In most cases, it is possible to protect at least a portion of one’s assets from Medicaid, even if you have waited until the last minute.

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