Dad's will provided that his wife would have a life estate in 200 acres of Buffalo County, Nebraska real estate. Smart move as that meant that the full value of the real estate was not in her estate for Medicaid purposes. In fact, the Unicameral closed this loophole in 2017 but there are still ways for mom to qualify for Medicaid without becoming impoverished.
Dad's will also provided that his son had a remainder interest in the real estate subject to paying 40% of the appraised value to his sisters. There was an equitable lien on the real estate too if the brother didn't pay his sisters. After Dad died and his will probated, a Deed of ...
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The partial government shutdown and Medicaid
Medicaid is funded through September 2019. Moreover, the State of Nebraska administers Medicaid and it is not shutdown.
Therefore, Medicaid applications and payments will proceed normally. ...
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Medicaid compliant annuities are not a countable resource.
Husband entered the nursing home on July 21, 2010. His wife was well. The wife consulted an attorney and she reconfigured her assets in a conventional way and clearly permitted by North Dakota law. The wife also purchased a single-premium (lump sum) immediate annuity for $400,000. The annuity was required to pay the wife $2,734 per month over 13 years.
The State of North Dakota denied the husband's application of Medicaid benefits. The State was of the opinion that the annuity was a countable resource. The couple filed a lawsuit in the federal district court and won. North Dakota, and eight other states, appealed to the Eighth ...
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