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LegalGems
LegalGems, Attorney
Category: Estate Law
Satisfied Customers: 10023
Experience:  Private Practice; Elder Law Attorney; Estate Planning; Attorney Mentor
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In the State of Texas, what is the time frame of transferring

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In the State of Texas, what is the time frame of transferring property to qualify for Medicad, such as moving to a nursing facility?

LegalGems :

Hi; My goal is to provide you with great service - if you have any questions during our chat, please ask! I'll do my best to ensure your satisfaction! In 2006, the state increased the look back period to 60 months - so any transfers made within the past 5 years can be considered as part of the eligibility process.

Customer:

So in order for the lady to go to a nursing facility, the family or the person will be responsible for the full cost. Am I understanding that correctly?

LegalGems :

Only if she transferred, within the past 5 years, assets with a fair market value that would have covered the care and made her ineligible.

LegalGems :

If the value was only say $10K, that would only disqualify for the period of time that amount would cover (around 1.5 months).

Customer:

Oh, I see. In other words if she transferred property that had a fmv of say 30,000 it would disquilfy her for approximately 6 months.

LegalGems :

The state uses $130.88 per day so you would divide $30K by 130.88 to come up with the number of days of inelgibility.

LegalGems :

So around 7.5 months (give or take due to my math skills-or lack thereof...)

Customer:

Thank you so much for your help!!

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