A BOUTIQUE LAW FIRM EXCLUSIVELY DEDICATED TO ELDER LAW AND ESTATE PLANNING
Extensive experience in the areas of: Elder Law; Medicaid Planning; Trusts and Estates; Special Needs Planning and Estate Administration. Marie Corliss, a member of the National Academy of Elder Law Attorneys, the New York State and Westchester Bar Associations and the Putnam Estate Planning Council, and also serves as a Trustee, Guardianship Court Evaluator, and Legal Guardian.
The 6 Biggest Estate Planning Mistakes
If you’re like most people, you have the best of intentions with regard to how you want your estate distributed when you die or your affairs handled should you become incapacitated.
Can My Father Repay a Loan Without Affecting His Medicaid Application?
My father is in a nursing home and I am starting the Medicaid application process. My sister lent him about $19,000 to help him out of a financial situation prior to 2007. She has documentation to support the loan. Can I repay her from his assets during the Medicaid process or is that considered a gift that would affect his eligibility? He has $20,000 in liquid assets after the funeral benefit, and the nursing home wants him to private pay $16,000. I would rather repay my sister for the loan before the nursing home gets their piece. Can I do this?
