NEW JERSEY ESTATE PLANNING LAWYER

NJ Medicaid and
Asset Protection
Legal Services

NJ Medicaid

 

908-874-5636

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INFORMATION

 

We Make Housecalls

 
 


Free Medicaid Planning Phone Evaluation
 

 

The Alzheimer Prayer

 

Nursing Home Bound?

 

Nursing Home Care

 

Single People

 

Married People

 

What About Medicare?

 

What is Medicaid?

 

What You May Not Know

 

Medicaid Asset Rules

 

Medicaid Joint Accounts

 

Giving Assets Away?

 

Division Of Assets

 

Giving Away Money Per Year?

 

Will I Lose My Home?

 

Medicaid Planning Consultation

 

Newsletters

 

Regular Estate Planning

 

CAREGIVER CHILD

 

When To Bypass A Spouse

 
 
How Medicaid Views Joint Accounts With Children

One asks, "I've added my kids' names to my bank account. Will Medicaid look at this asset as being countable?"

Yes! The entire amount is counted unless you can prove some or all of the money was contributed by the person who is on the account. This rule applies to cash assets such as:

1. Savings and checking accounts.
2. Credit union share and draft accounts.
3. Certificates of Deposit.
4. U.S. Savings Bonds
   

James E. De Martino is licensed to practice in the State of New Jersey.
Our practice is limited to estate planning, long-term care planning, and NJ Medicaid asset protection.

 

2013 James E. De Martino - P.O. Box 126, Belvidere, NJ 07823 - Tel: 908-874-5636