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mom may have to get nursing home care...Asset Protection?
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JonND
Posted 1/8/2013 11:28 (#2807997 - in reply to #2807614)
Subject: RE: LAWYER!! +1


EC North Dakota
I do know the look back is now 5 years when applying for medicade, which is what you would be looking at. You don't mention age etc of parents so kinda hard to know what to expect.

Definitely get a good estate lawyers opinion on what you could do. I know my parents did not have a good plan in place when Dad got very ill. At that time they did have enough assets to self pay for the then 3 year look back had he ended up in a home. At the time of his passing my Mother put her land assets into a Life's Estate which allow the SSA access to the rents on her farm land but they cannot force a sale of the land to cover expenses, if and when she runs out of cash assets to cover any needed long term care.
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