What’s the difference between Exempt vs. Protected Assets?
Often people believe assets are protected when they are not. Just because a property may be exempt from a nursing home spend down, that doesn't mean it’s protected. Estate Recovery is the states way of coming back after peoples properties or assets, after a public benefit recipient has passed away. Estate Recovery can come back for the amount of whatever the state paid including at home benefits, passport and Hospice. [more info at www.CooperElderLaw.com]
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