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PERSONAL SERVICE CONTRACT  Form

PERSONAL SERVICE CONTRACT Form

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Instructions and help about PERSONAL SERVICE CONTRACT

let's go back to attorney robert hydock and robert you help people to protect their life savings from nursing homes most people simply know hey medicaid's got a five-year look-back period that's it nothing we can do but we know that there are medicaid compliant tools that will help people to protect their life savings and one of those most valuable tools is a personal services contract correct and usually we see a personal services contract when someone is paying someone in advance to take care of them it's a medicaid approved tool that will allow the transfer of an asset prior to the five-year look-back period and get somebody qualified for medicaid but in this instance we're dealing with a family who made some gifting rather large gifting a hundred thousand dollars in gifting within the last year and so that would cause when they went to apply for medicaid it would create a penalty period because it would violate medicaid's five-year lo

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