What is the name of your state?What is the name of your state?What is the name of your state?VA
How does Medicaid determine the value of funds held by an applicant in joint tenancy with right of survivorship with an adult child? Does the adult child have a claim to 50% of the funds, such that Medicaid can only demand the drawdown of the other 50%, or can Medicaid demand drawdown of all assets held in JTWROS? NOTE: The JTWROS accounts were established at least 10 years ago, but the applicant solely has benefitted from all dividends distributed from the accounts to date.
How does Medicaid determine the value of funds held by an applicant in joint tenancy with right of survivorship with an adult child? Does the adult child have a claim to 50% of the funds, such that Medicaid can only demand the drawdown of the other 50%, or can Medicaid demand drawdown of all assets held in JTWROS? NOTE: The JTWROS accounts were established at least 10 years ago, but the applicant solely has benefitted from all dividends distributed from the accounts to date.