Good Medicaid planning ahead of time in drafting the judgment will be critical in determining whether the family – or the state – will be awarded more or less of the judgment.
A common dilemma that families face upon the incapacity or death of a loved one is locating estate planning documents. While preparing the documents are the most important step, that is irrelevant if the documents are lost when they most need to be used.
The Medicaid snapshot date is the date on which Medicaid takes a financial “snapshot” of a married couple’s assets. The “snapshot” can be thought of as taking a photo.