15 Common Medicaid Mistakes

1. Applying for Medicaid too early
2. Your property deed is titled incorrectly
3. My Revocable Family Trust will protect my assets
4. You calculated your assets incorrectly
5. Gifting the IRS annual gift exclusion each year
6. You forgot to count your life insurance cash values
7. There was a deposit at the nursing home you forgot about
8. You lived with your child and both of you are using the same bank account
9. You moved in with your child and you paid him to improve a room for you to stay in
10. Your mother never had a checking account and you paid her bills with cash
11. You charged expenses for your father on your card and he paid the bill
12. You hired caregivers for your parent and he paid them cash for their service
13. Your parent sold their house for less than fair market value
14. You took your mother’s name off of a bank account
15. Your father added you as an owner to his property deed