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Elder Law of Louisville's Blog

Tuesday, January 4, 2011

2011 Gift Penalty Factor

Kentucky's Transfer Resource Factor (TRF) for 2011 is $5,820.  This is the number used to calculate the penalty for transfers of assets for less than fair market value, otherwise known as gifts.  If a parent gifts a child a $100,000 house and then applies for Medicaid, there will be a 17 month period of ineligibility for Medicaid due to that gift (100,000 / 5,820 = 17.18213).


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The attorneys of Elder Law of Louisville (formerly Walsh & Wilson, PLLC) assist clients in Louisville, Kentucky and surrounding counties of Jefferson, Oldham, Shelby, Spencer, and Bullitt. Our Office also serves Southern Indiana and the towns of New Albany, Jeffersonville, and Clarksville.



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