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Medicaid allows asset transfers in some circumstances. If a transfer meets one of these exceptions, it would not affect the eligibility of the applicant.
To qualify, an applicant must meet certain criteria established by Medicaid for income and assets as set forth under New Jersey's administrative regulations.
Unfortunately, we all hear stories about the elderly becoming targets of financial, physical or emotional abuse or neglect. This a growing problem.
Estate planning involves putting your legal, financial and medical affairs in order. It may involve such important decisions as who will be taking care of you during your lifetime and what happens upon your death.