Estate Law Questions? Ask an Estate Lawyer.
the policy was worth $15,000 with a loan of $6,000. And a cash surrender value of $102. I am on medicaid. What do you mean by lifetime exemption.
I am more worried about the medicaid aspect. I have to keep my assets below $2000. If I have extra money can I use that to pay back the loan.
from 2007 I transferred ownership in 2010