The Medicaid penalty for transferring assets is a period of ineligibility and is imposed only for the uncompensated value of a transfer. Therefore, if assets are transferred to a third party, but full value is received in exchange for the assets, there is a transfer for value and no Medicaid period of ineligibility is imposed.
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A lifelong resident of Southern New Jersey, Tom earned both his undergraduate and law degrees at Georgetown University. In a career that spans over 50 years he has extensive experience in Elder Law, Medicaid Planning, Special Needs Trusts, Disability Law and Personal Injury Consulting. In addition, Tom is an accredited attorney for the preparation, presentation, and prosecution of claims for veteran’s benefits before the Department of Veterans Affairs (VA).
Tom is a member of the New Jersey Bar Association, all relevant state, local affiliates and the National Academy of Elder Law Attorneys. He is past Chair of the Elder and Disability Law Section and the Real Property Probate and Trust Law Sections of the New Jersey State Bar Association.
Tom is a Certified Elder Law Attorney, a Fellow of the National Academy of Elder Law Attorneys and recipient of the NAELA President’s Award. He is past president and a founding member of the Special Needs Alliance, a national network of lawyers dedicated to serving families of persons with disabilities, recipient of the Alfred E. Clapp award, and the Marilyn Askin Lifetime Achievement Award.
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