Thursday, September 17, 2009

Refusing an Inheritance

David T. in Wisconsin asked this question about an article I wrote on refusing an inheritance: If a beneficiary disclaims an inheritance, and would have had to use the inheritance to pay for managed care in a nursing home, is that money subject to a "look back"? Thanks. Click here to read the article. No, David. As long as the beneficiary never received the money, it’s not subject to a “look back” for Medicaid purposes. Best wishes, George

1 comment:

  1. George, I thought David T had an excellent question. And you had an excellent answer. I wonder why more people don't know about disclaiming an inheritance.

    My financial adviser made the same recommendation for my situation. Some of my friends said to make sure it's all kosher and legal and acceptable. So it's great to see your answer and your article on the subject.