For Survivors of the Holocaust, a unique benefit is that all funds received as a result of being a Victim of Nazi Persecution, by a Holocaust Survivor or inherited by a Holocaust Survivor or their family are considered to be exempt resources when applying for Medicaid long term health care assistance.
Through legislation enacted by Congress in 1994, American citizens who were both victims of Nazi persecution and reparation recipients can receive Medicaid benefits while remaining in possession and control of their funds.
The issue of how best to protect the assets of U.S. citizens who were both Survivors of the Holocaust and who have received financial compensation, because they were victims of Nazi persecution, is very complex, sometimes leading to confusion and misunderstandings.
We spend our young lives fully dependent on our parents’ care. It only makes sense that at the end of their lives, we return the favor. Caring for aging parents may seem like simply a moral prerogative, but there are legal grounds as well, known as Filial Responsibility Laws or Filial Support Laws.