- Elder & Estate Planning Attorneys, PA. Attorneys and Counselors at Law - https://elderlawyersfl.com -

Is property held in an applicants revocable living trust a countable asset for Medicaid eligibility purposes?

[vc_row][vc_column][vc_custom_heading source=”post_title” font_container=”tag:h1|text_align:center” use_theme_fonts=”yes”][/vc_column][/vc_row][vc_row][vc_column][vc_video link=”https://www.youtube.com/watch?v=DQDsYZlZXZI”][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Assets held in the name of a revocable trust of a person trying to apply for Medicaid are countable assets, so it’s important that you’re going to transfer those assets out of that trust, and keep them only in your name, or in transferring the assets for a person qualifying for Medicaid in vehicles that are exempt assets for the purpose of Medicaid. Revocable trust assets are countable assets that are held in the name of the person applying for Medicaid.[/vc_column_text][/vc_column][/vc_row]