Can I Transfer My Assets To My Children Just Before I Go Into A Nursing Home And Still Qualify For Medicaid?

Video Transcription:

The general rule is no. There’s a five-year look-back, and so if I transferred lots of assets to my children, I wouldn’t qualify for Medicaid for five years. If I transfer a little bit to my children and don’t have much left, well then I may be disqualified only for a short amount of time, and there are some exceptions to the rule too.┬áHave more questions? Then contact us today to schedule a free consultation! Doane & Doane Top rated Tax & Estate Planning Attorneys