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The difference between Exempt vs. Protected Assets

CooperElderLaw

1 Views • Jun 10, 2010

Description

Often people believe assets are protected when they are not. Just because a property may be exempt from a nursing home spend down, that doesn't mean it’s protected. Estate Recovery is the states way of coming back after peoples properties or assets, after a public benefit recipient has passed away. Estate Recovery can come back for the amount of whatever the state paid including at home benefits, passport and Hospice. [more info at www.CooperElderLaw.com]

Keywords & Tags

#safe #exempt #assets #nursing #home #protected #estate #recovery #medicaid #control #lien #spend #down #divorce #capital #gains #basis #tax #benefits

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