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Estate Planning

: Wills, Trusts & Estates Prof Blog

Annuity Purchased After Eligibility Determination is Available Resource

By Trusts EstatesProf

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After Glenda Morris applied for Medicaid, Oklahoma told her that she needed to spend down her share of assets to $2,000. She purchased burial plots and her husband spent $41,000 on an irrevocable annuity. The state denied Glenda benefits, and...

Full post as published by Wills, Trusts & Estates Prof Blog on November 02, 2010 (boomark / email).

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