Inheritance/retirement question

[Amnorix]

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...

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.