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Money and Finances
Reply to "Father wants to gift me money "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Smd the point is to hide assets from Medicaid? [/quote] That's what it sounds like! Sounds like dad is getting ready for the five-year lookback. [/quote] Very wise of him. So few people plan for it and trust their kids enough. My MIL (who will never be on Medicaid) trusts her kids entirely with her money. My husband has access to all her accounts and manages everything for her. No one else I know, including my own parents, have such clear-sightedness about their own decline, and such trust in their kids. My parents are a slow train wreck: they’re declining cognitively and physically and won’t accept any help at all. [/quote] I manage my parents' finance since they were in their 80s.[/quote]
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