Get all your news in one place.
100's of premium titles.
One app.
Start reading
Saving Advice
Saving Advice
Lifestyle
Teri Monroe

Could State Medicaid Recovery Leave Your Children Without an Inheritance?

Medicaid could leave your children without an inheritance
Image Source: 123rf.com

Many families believe that once a loved one passes away, their estate automatically goes to their children. But for those who relied on Medicaid for long-term care, that assumption can backfire. Under federal law, states must try to recover the cost of nursing home and medical care from the deceased’s estate. This process, called Medicaid estate recovery, can wipe out inheritances—even taking family homes. Without careful planning, your children may inherit nothing but memories.

How Medicaid Estate Recovery Works

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.