Quote:
Originally Posted by kingofbeer
Please contact an elder law attorney. You need to protect these assets before she enters into a nursing home.
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This is the most important thing to do. The financial advisors want you to keep the money under their umbrella. This is in their best interest. Elder law attorney will tell you what you need to do. The ultimate goal is when one enters a nursing home, you apply for medicaid. Medicaid has a five year look back period. Remember, you never know when she will require a nursing home. I have been through this with my mother. If you don't plan, the estate will lose hundreds of thousands of dollars.