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Forum Newbie
Group: Forum Members
Last Login: 8/30/2008 9:27:02 PM
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Hello,
My father gifted some rental real estate to me in the neighborhood of $350,000. I have maintained the property for several years and he has gifted as a result. I have come across the rules on a 5 year look back rule for Medicaid. My father has had some health problems in the past but is doing good for now. If he should need to go into a nursing home before the 5 year look back period has ended, would it be to my benefit and could I gift him the money to pay his nursing home bills until the 5 year period has ended and then after the 5 years has ended, apply for medicaid? Thanks.
Indyuser
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Forum Member
Group: Forum Members
Last Login: 6/23/2008 1:27:21 PM
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| Of course you can pay the nursing home bill until his gifts fall outside of the lookback period and then apply for Medicaid. Joe Whitehouse, Louisville, Ky.
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Forum Newbie
Group: Forum Members
Last Login: 8/30/2008 9:27:02 PM
Posts: 2,
Visits: 0
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| Thank you very much. That's what I thought, but just wanted to be sure. Thanks again.
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