|
SPECIAL ALERT
By
Thomas D. Begley Jr. Esquire
At 6:15 this
morning the House of Representatives passed S.1932, The Deficit Reduction
Act of 2005. This bill extended the “Lookback” for Medicaid transfers to 60
months and, in effect, prohibits any transfers of assets for a period of 5
years before a person requires long-term care financed by Medicaid.
The bill now goes
to the United States Senate, where it is expected that the Senate will vote
on this measure on Tuesday. It then goes to the President for signature.
Transfers made
prior to the date the President signs the bill will be grand-fathered. Any
client of the firm who has not yet completed their transfers is urged to do
so Monday, if possible, Tuesday at the latest.
If you have any
questions, please do not hesitate to contact this office IMMEDIATELY.
 
Begley & Bookbinder, P.C.
is a law firm that specializes in Elder & Disabilities Law.
We are based in Moorestown, NJ, with offices in Stone Harbor &
Lawrenceville.
|
