Taking the time to sign a power of attorney lessens the burden on family members who would otherwise have to go to court to get authority for performing basic tasks, like writing a check or arranging for home health services.
Basically, had the Medicaid application not be filed and denied, it is entirely possible that this couple could have implemented a plan to save all of their countable assets ($300,000), and still qualify for Medicaid.
The rule changes are extensive and impossible to completely cover here, but we’ve prepared a summary of some of the more important changes.