Common Mistakes Made by Clients Attempting to Plan Alone

Transferring the home (or some portion of the interest in homestead property) to a non-spouse; or otherwise diminishing the nature of a homestead interest

Believing that the IRS annual gift tax exclusion (now $11,000 per year) applies to Medicaid planning transfers

Giving assets away with no understanding of the transfer penalties

Transferring assets without legal authority

Failing to disclose known income, assets or transfers

Failing to count all gross income in determining
necessity of income trust

Failing to consider the personal autonomy and independence of the applicant

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