ELDERCARE ADVISORS GROUP, L.L.C.
"Your Experts in Exploring Medicaid Options"


Exempt assets:

Home - the principal residence in which you, your spouse or dependent child, or sibling live

Household goods

Personal effects/keepsakes

Automobile - one per household

Life insurance - up to $1,500 in cash surrender value or a prepaid burial plan & space

Property essential to the individual's self support - subject to review

Income producing property - other than cash, with some restrictions


Non-exempt assets:

Cash

Checking/savings accounts

C.D.s

Savings bonds

Investment accounts/mutual funds/stocks

IRAs & other retirement accounts

Vacation homes & investment property

Second car

Certain real estate or personal property not in use

Anything that has value that can be converted into cash

 

Copyright 2004 ElderCare Advisors Group L.L.C.