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Test your knowledge: The Primary Residence

by Attorney Brian E. Barreira
1. True or False: For Medicaid and tax purposes, a sale of a person' home for $1.00 is treated the same as a gift?
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spacer (<1K) spacer (<1K) A. True
spacer (<1K) spacer (<1K) B. False
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2. A person's home can be given away at any time without causing a Medicaid disqualification period in Massachusetts to which of the following:
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spacer (<1K) spacer (<1K) A. Any child who lives in the home.
spacer (<1K) spacer (<1K) B. Certain types of special needs trusts established for disabled children.
spacer (<1K) spacer (<1K) C. Any relative who provided care for two years in the person's home.
spacer (<1K) spacer (<1K) D. Any grandchild.
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3. Which one of the following statements is TRUE:
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spacer (<1K) spacer (<1K) A. A gift of a home with a reserved life estate in Massachusetts can reduce the amount of the gift and the Medicaid disqualification period.
spacer (<1K) spacer (<1K) B. Some long-term care insurance policies can cause the home to be protected under Massachusetts Medicaid law, and effectively preserve a home of any value.
spacer (<1K) spacer (<1K) C. A person who is in a nursing home and receiving Massachusetts Medicaid benefits can never keep ownership of the person's home.
spacer (<1K) spacer (<1K) D. All of the above.
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4. True or False: When a person becomes eligible for Massachusetts Medicaid, a lien is filed against the person's home.
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spacer (<1K) spacer (<1K) A. True
spacer (<1K) spacer (<1K) B. False
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Copyright 2001-2006, Attorney Brian E. Barreira - 508-747-8282 - serving Plymouth, Hingham and surrounding counties. Site by RW Mullaney Consulting.

Site provided by a Certified Elder Law Attorney (1K) This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. Persons accessing this site are encouraged to seek independent counsel for advice regarding their individual legal issues.
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