Key Takeaways Estate recovery is a process where states recoup Medicaid costs from the estates of deceased beneficiaries, impacting inheritance and asset distribution for families. Educating yourself about these laws is essential to making sure your estate planning works for you. What are the most common estate recovery mistakes that cost families thousands? Medicaid [...]
Key Takeaways Arizona’s estate recovery process recovers Medicaid expenditures from the estate of a deceased recipient. This administrative process applies to all of a person’s assets, including their primary residence and financial accounts. The first step to successful estate planning is understanding the legal framework. Common misconceptions, such as Medicaid automatically taking a home [...]
Key Takeaways In Arizona, estate recovery is mandatory by Arizona Revised Statutes. Specifically, it allows the state to recoup Medicaid expenditures from the estate of a deceased recipient. Whether you are a smart estate planner or a careless beneficiary, knowing these laws is key. Assets subject to estate recovery can include real property, especially [...]
Key Takeaways In Arizona, estate recovery is a punitive process that the state uses as a weapon to violently reclaim funds. This generally only affects people 55 and older who have received long-term care services. Knowing how this process works is key to effective estate planning. The Arizona Health Care Cost Containment System (AHCCCS) [...]