Medicare/Medicade - Running out of assets

From: MsProf2U@aol.com
Subject: Medicare/Medicade - Running out of assets
Date: Mon, 6 Jul 1998 11:53:53 EDT

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<< 
 I preface what I am about to say by telling you that you should not rely on
 it. I am not an estate/elder law attorney. . I am an attorney and a guardian
to my incapacitated mother. I do therefore have some practical knowledge. >>

Um ...maybe the operative word is? "incapacitated?"  My family went through
this same situation with my late grandmother, who was notmentally
incapacitated, but sat on her assets until she realized they were running out,
then tried to transfer them to family members to take advantage of welfare
programs (and yeah, sorry to hurt your feelings, but Medicaid, Medicare, and
all related assistance programs are a form of welfare You don't like the word
welfare, get CIGNA.). We spoke to attorneys who DO specialize in this sort of
thing (they have more than as "some practical knowledge"), and learned that in
the past five years, laws dealing with transferring assets have greatly
changed, for the stricter. 



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