Estate Law Questions? Ask an Estate Lawyer.
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If you are receiving MedicAID (not just MedicAIRE) then you must keep your countable liquid assets to under $2,000. The $7,128 will cause you to be over that $2,000 threshold and you will loose the Medicaid benefits. If you are receiving just Medicare then it will not effect your benefits at all.
I know this may not sound on the up and up,but what if I were to give away $5,128.00 to someone then what.Would this put me at risk with the legal system?