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Money and Finances
Reply to "Parking $300k for 80yo mother in assisted living"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Re: transferring the wealth: I believe Medicaid has a five-year lookback period for seeing what assets an individual has/had prior to filing for assistance. [/quote] There’s a special trust for that (don’t know the details) [/quote] I think you're referring to the Qualified Income Trust that allows someone who is over the Medicaid income limit to qualify for Medicaid. But this doesn't apply to houses or investments. It's only for SSI, pensions. And the beneficiary of the trust is the state. [/quote]
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