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Assets that are generally exempt from Medicaid estate recovery include: Property jointly owned by the decedent (the deceased) and another person. Life insurance proceeds paid directly to a designated named beneficiary. Assets placed in a trust prior to the death of the decedent.
What is the state of Michigan estate recovery?
Estate recovery only applies to those assets that are subject to probate court administration. Who does estate recovery affect? Estate recovery applies to individuals receiving Medicaid benefits who are 55 years of age or older and have received Medicaid long-term care services on or after September 30, 2007.
What is considered a small estate in the state of Michigan?
If the value of the estate is less than $51,000 after the decedents funeral costs are deducted, you can file the needed documents in court and get a certified copy of the Order the same day if you use the assignment of property process. It is less expensive than probate administration and can be done without a lawyer.
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