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Reply to "protecting assets from nursing home expenses"
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[quote=Anonymous][quote=Anonymous]It has been a decade since I've looked at Medicaid issues, but I think any gift given within five years of going on Medicaid can be reversed. So even if she tried to give you the assets Medicaid would attach your property to collect. Something to look into b[/quote] Sorry for the HUGE misinformation above (I said its been years and I'm not a elder law attorney). Just disregard it all. :) It's that a transfer will result in a period of disqualification for Medicaid. So, if you transfer x amount of money, you cannot apply for Medicaid for Y period of time. It's very complex. You should call an elder care attorney who specializes in Medicaid. [/quote]
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