QuickHelper

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Category > History Posted 11 Aug 2017 My Price 9.00

elder law assignment homework help

PURPOSE: To verify that you know and understand the look-back rules and the implications of gifting.

INSTRUCTIONS:

  1. In a one-to-two page paper discuss the following:
    1. Explain why a client might say, "I am giving each of my kids and grandkids $10,000 so that if I ever need a nursing home, Medicaid will pay."
    2. Suppose the client also says, "I will have given away everything by the end of this year. I am in good health ad I don't think there is any chance that I will need a nursing home for at least a couple of years." What might the client not understand?
    3. What is meant by the look-back? What kinds of transfers can be made during the look-back without triggering a penalty period? What is the penalty period as defined by the Deficit Reduction Act of 2005?

Answers

QuickHelper
(10)
Status NEW Posted 11 Aug 2017 05:08 PM My Price 9.00

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