Can a Medicaid Recipient Own a Home
Can a Medicaid recipient own a home? This is a great question and one that opens the Pandora’s box to inequality and extreme wealth in America. Owning a home requires assets that in the government’s eyes belongs only to the wealthiest of citizens. It is where power lies and where the upper echelon of greed and power reside. Medicaid is an outdated idea of caring for the people who make up the country, and as the rich don’t need assistance in the insurance department, the program is seen as useless. It does not generate currency or wealth, but instead drains it away from the system at an alarming rate. Can you own a home and receive help from the government? No, you cannot. At least, on paper. There are ways to get around this is you have a good tax attorney who can adjust your information to hide your assets from the government.
Can a Medicaid Recipient Own a Home?
So, can a Medicaid recipient own a home? On paper they cannot, as the value of the property alone moves a recipient out of benefits range. The system wants to maintain the status quo of poor and wealth, and by having an asset as lucrative as a home means you don’t qualify for Medicaid.
Protecting Home from Medicaid
In protecting home from Medicaid auditors, you would need the assistance of a tax lawyer to help you set up a trust in the name of a non-existent person or entity. This would mean pulling the shade down on the government in order to maintain your own wealth, that which you have earned for yourself and your family.
Medicaid and Property Transfer
Medicaid and property transfer is possible, but then the liability of the debt is passed off onto someone else. The best way is to create an entity that doesn’t exist and let the accounting move around in order to not be discovered.
Protecting Assets from Medicaid with Trust
So, can a Medicaid recipient own a home? Not on paper as we have already established, but in this age where the corruption of the government is overcoming the decency and original intentions of the founding fathers, it is morally correct to work towards hiding assets from the IRS income collectors. To do so, meaning protecting assets from Medicaid with trust and sleight of hand, you will be able to retain some of your wealth and comfort without being penalized by the very system set up to support your endeavors to a better life. It means that you would need to adjust the on-paper ownership status of your wealth to a non-existent entity in order for the penalty to pass to someone who doesn’t exist.
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