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Last week I wrote about a question I hear often about Medicaid.  Isn’t there a certain amount of gifting that is allowed under Medicaid regulations?  The answer as I stated last week is that there really isn’t.  Any gift or transfer for less than fair value is subject to a penalty. In practice, however,

In my blog post last week I wrote about 1st party special needs trusts, which are helpful in maintaining Medicaid benefits for someone who may receive an unexpected inheritance or the proceeds of a personal injury settlement.  1st party SNTs, however, can only be funded when the beneficiary is under age