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FL asset protection - nursing home - medicaid
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Posted
is it true in FL you can give all your cash assets to a disabled son or daughter and not be penalized by medicaid for a nursing home? My 83 year old grandfather wants to give his 64 year old disabled (soc sec Disability) daughter all his cash ($300,000) prior to going into a nursing home.


rick baum
 
Posts: 1 | Location: dgjfg | Registered: Thu October 04 2007Reply With QuoteReport This Post
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There is an exception to the transfer penalty to a totally disabled child. You have to be very careful not to disqualify the disabled child from benefits though. A special needs trust is often used in these cases.

Sean.
 
Posts: 15 | Location: St. Petersburg, FL | Registered: Mon February 10 2003Reply With QuoteReport This Post
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