QUESTION
How legally can I apply now to accommodated assets as 401K - $13K and not jeopardize my existing Medicaid .
Asked on Jan 30th, 2019 on Elder Law - New Jersey
More details to this question:
I am 69. I am on SSA and a medicaid participant for several years. Reacently afterI I junked my old car I fined that on my 401K I have $13K . I would like to utilize them a) to byu a car. or b) to trunsfer in to irrevokable trust I Grinshpun
1 ANSWER
2 Awards
Medicaid is funded partly by the federal government and partly by the states. Different states have (slightly) different rules. Contact a New Jersey elder law attorney. You may want to use the Find a Lawyer function on the website of the National Academy of Elder Law Attorneys (www.naela.org)
Answered on Jan 31st, 2019 at 5:05 AM
This is general information. It cannot substitute for a personal consultation with an attorney. It is not intended to be legal advice or imply an attorney-client relationship.