Re: Transferring Assets

From: <MsProf2U@aol.com>
Subject: Re: Transferring Assets
Date: Wed, 8 Jul 1998 12:54:42 EDT

Next Article (by Author): Rebate Credit Cards
Previous Article (by Author): Re: Internet Mutual Fund
Articles sorted by: [Date] [Author] [Subject]

In a message dated 98-07-08 12:43:59 EDT, you write:

<< I surmise that your grandmother tried to transfer her assets on the eve of
 desiring to collect Medicaid benefits. This is clearly not allowed, as it
 violates the statutory lookback period. This is why the attorneys told you
 that it could not be done. Had your grandmother transferred her assets three
 years prior to desiring to collect Medicaid, that would have been a
 different scenario. >>

I see. So ...transferring assets three years prior to collecting government
assistance is just "collecting what you paid into the system, but transferring
on "the eve of desiring to collect benefits" is different. Gotcha.

Good luck! 



- -

Next Article (by Author): Rebate Credit Cards
Previous Article (by Author): Re: Internet Mutual Fund
Articles sorted by: [Date] [Author] [Subject]

Go to Jeff Salisbury LWGate Home Page.