The Department of Veterans Affairs (VA) has finalized new rules that establish an asset limit, a look-back period, and asset transfer penalties for claimants applying for VA needs-based benefits. This is a change from current regulations, which do not contain a prohibition on transferring assets prior to […]
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A recent New Jersey case (July 2018) resulted in a decision requiring proper and detailed documentation in order for money paid to family caregivers to qualify as a Medicaid penalty exempt transfer of assets. In E.B. v. Division of Medical Assistance, the daughter of the Medicaid applicant […]
Read more →SHOULD I ADD A JOINT OWNER TO MY FINANCIAL ACCOUNT(S)? Clients frequently ask me questions about adding children or other individuals as joint owners to their bank or investment accounts. This article will outline some of the positives that result from adding someone as a joint owner […]
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