Mr. Pencil Posted November 4, 2013 Report Posted November 4, 2013 Hello to all this AM. Does anybody know for sure if Virginia has or does not have a look back law concerning prior gifts? Many thanks The five-year look back is a federal requirement for Medicaid everywhere. Quote
mrichman333 Posted November 7, 2013 Author Report Posted November 7, 2013 The five-year look back is a federal requirement for Medicaid everywhere. Sorry, it the VA not Virginia; I misunderstood my clients email when he used VA Quote
Mr. Pencil Posted November 7, 2013 Report Posted November 7, 2013 Sorry, it the VA not Virginia; That's what I understood because you said Sr. Care Benefit, which sounds generic but is a specific program for veterans. Also, you said 80K limit. I don't know the details but I'm sure they let vets keep more than the Medicaid limit of $2000. And apparently no look back. An estate planner might suggest putting the excess assets into a special needs or other irrevocable trust so it wouldn't count for eligibility but would still be available for her lifetime needs. Quote
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