Medicaid Transfer Penalty Solutions

Summary

To address Medicaid transfer penalties, consider applying for a hardship waiver, creating a promissory note, or partially returning assets. These strategies may help avoid losing the home or incurring debt. Consulting with an elder law attorney is recommended for tailored solutions. Providing contact information can facilitate connecting with local lawyers who specialize in elder law issues.

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Is there any other way to cure the transfer without losing the home/paying the debt?
To potentially cure the transfer without losing the home, consider the following:
- Hardship Waiver: Apply for a Medicaid hardship waiver if deeding the property back is not feasible.
- Promissory Note or Loan: Explore creating a promissory note or loan arrangement to repay the transferred value.
- Partial Return: Sometimes, a partial return of assets might mitigate the penalty.
Consulting with a specialist elder law attorney is advisable for tailored solutions. Would you like assistance in connecting with local lawyers?
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