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Heavy trust question ?
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Jeff in ND
Posted 10/14/2021 17:09 (#9268925 - in reply to #9268875)
Subject: RE: Heavy trust question ?


RR Valley, ND; MN native
I was talking to my Mom's atty earlier this year as we had to put Mom into asst living this year. She never had a will until a year ago.... Age 82. My sister and I have POA but that only started a year ago.

So, according to the atty, even after the 5yr look back there is a sliding scale of amount of assets they can come after based on the persons expected lifetime based on age. So, short answer is even after 5yr look back the estate could be docked.

Seems like a situation where an accountant and attorney are needed to get the final bottom line answer.
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