Margolis' useful summary of 8 more ways to protect your home from the claws of MassHealth/Medicaid

In his blog, Harry Margolis, Esq., one of Massachusetts' leading estate attorneys, lists eight ways to protect your home from Medicaid claims if a family member is in a nursing home and no previous planning has taken place.  (It is better to plan ahead, however.  In a previous blog he had written of using trusts five years or more prior to requiring nursing home care.)

The eight ways are the following:

1. Rent out the house
2. Transfer to a spouse
3. Transfer to sibling with equity interest
4. Transfer to a caretaker child
5. Transfer to a disabled child
6. Transfer to a trust for a disabled individual under 65
7. Transfer to anyone if not in a nursing home
8. Hardship waiver

The full article is worth reading and can be accessed by clicking on the image below: