3 Reasons Not To Gift Assets to Your Children to Qualify for Medi-Cal

There are huge problems in transferring assets to your children in order to qualify for Medi-Cal.  Danger #1 – Medi-Cal May Disqualify You Medi-Cal wants to know what transfers you made (as a gift) for the last 30 months!  Each transfer can result in penalties assessed – these are months that you cannot apply to Medi-Cal. And it’s usually irreversible!  If, for example, you transferred X amount of assets, it could result in a 20-month penalty. This penalty means that for 20 months, no matter what situation you are in, Medi-Cal will not pay a dime for your Nursing Home.

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