elder law assignment homework help
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PURPOSE: To verify that you know and understand the look-back rules and the implications of gifting.
INSTRUCTIONS:
- In a one-to-two page paper discuss the following:
- Explain why a client might say, “I am giving each of my kids and grandkids $10,000 so that if I ever need a nursing home, Medicaid will pay.”
- Suppose the client also says, “I will have given away everything by the end of this year. I am in good health ad I don’t think there is any chance that I will need a nursing home for at least a couple of years.” What might the client not understand?
- What is meant by the look-back? What kinds of transfers can be made during the look-back without triggering a penalty period? What is the penalty period as defined by the Deficit Reduction Act of 2005?
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Order a Different Paper
Do you need help with this or a different assignment? Even when your task is complicated and the deadline is in less than 2 days, you still have every chance to get a good grade for it. How? By completing the order form, you will get the finest custom-written assignment at an affordable price. We also deliver a number of services for free (e.g., revisions, editing, checking the text for authenticity). Use our paper writing service to receive effective help with your homework.
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