Estate Law Questions? Ask an Estate Lawyer.
Hi and welcome to JA. Ray here to help you today.Please bear with me a few moments while I review your question, conduct and prepare your response.
If you are legally married here they are going to look at both your assets regardless of whose name is ***** ***** account.
I suggest you talk to a local NAELA lawyer.They have the expertise to review this and tell you whether you still have issues which I think you do. Too many people claim to know what they are doing here but do not.
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Just transferring funds to your name will mot resolve this.I wish I could tell you otherwise.You need the NAELA lawyer to find a legitimate shelter of the funds.There are ways to do this with a trust or medicaid annuities.
NAELA National Association of Elder Law Attorneys.
Here she is just gifting the funds to you.Your prior income tax and W-2s which h ave the account and her social on them are reviewed and yes they will see such a gift transfer.You will need to do something else here.If she said they would not look a this she was wrong.I have worked at medicaid agencies and they look at all bank accounts, tax returns, etc for 5 years.If you need me in the future just post questions for Ray only be happy to respond.They will, want to see wife's 5 year prior bank accounts, and returns they also have IRS match to verify you are being honest.So this isn't going to work.You need to find something as a shelter that exempts it as a resource, giving ti to you won't work.