Question: I receive Supplemental Security Income (SSI) benefits. My car is 19 years old and not so reliable. I’m thinking of driving it to the junk yard and buying another one. How much, maximum, I can spend on it? Answer: If you own only one car, that car can be of any value. There used…
Question: My mother is in assisted living and has about one year left before she spends down to $4,000 and applies for Medicaid. She has about $12,000 in jewelry that she insisted on taking with her. The facility listed the jewelry as part of her personal inventory. Will she have to sell her jewelry before…
Question: My mother is moving into assisted living. She had always said that my brother could have the money from the sale of antiques in the house. Is she allowed to gift the contents of the house, including the valuable antiques, or will that cause a transfer penalty when she applies for Medicaid in two…
Question: I have read that a Medicaid applicant won’t be penalized for making transfers to a disabled child during the look-back period, but I would like to know if there is an age limit for the child. My mother has Alzheimer’s disease, and I am her agent under a power of attorney. I am considered…
