Quote:
Originally Posted by mikeyis4dcats.
not sure about in this case, but in many instances any assets can be clawed back 2 years for consideration (i.e. medicare, nursing homes, etc). In that case, this may not even fly IF you could manage to do it legally...
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So you're talking about Medicare qualification, more particularly the rules of the state in which she lives. In Massachusetts the look-back period is five years. This only comes into play if she is heading into a nursing home, but yes, proper estate planning can include transferring assets into a trust to avoid having the government take it away if/when she goes into a nursing home.
This stuff gets stupid complicated/tricky, and is largely driven by taxes. It's not really something you want to try to do it yourself on, unless her cash is all under her mattress.