Don't Allow a Louisiana Medicaid Recipient or Applicant Inherit?

I was working with a great family in Lafayette last week. It was the grandmother, the mother, the son, there was another family member who was a CPA who was involved in these discussions as well. Mom had an illness and so they were really concerned about protecting mom's money if mom had to go into a nursing home in the future. So we're going to be doing some things to protect mom's money, put it into a special type of trust so that five years from now mom would be eligible for medicaid if she needed it. Then one of the family members brought up a great thought. What if the grandmother dies? She has one child and she's leaving everything to her child who is ill. That really could mess up all these medicaid plans that we're putting into effect for mom. So you want to make sure a medicaid recipient, or someone who may need medicaid in the future, should never inherit anything. It will kick them off of medicaid or it will prevent them from being eligible for medicaid in the first place. The wills, trusts, and estate planning legal documents or parents or spouses of a medicaid recipient or a medicaid applicant become critical toward maintaining the medicaid eligibility of someone. So be aware of that. Never let a medicaid applicant or recipient ever inherit, ever be named in a will or trust to receive something. I'm Paul Rabalais, if you have medicaid questions check out our blog or give us a call at 866-491-3884. We can discuss a plan to make sure you or your loved one becomes medicaid eligible as quickly as the laws permit. Have a good day!

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