What is the time limit for Medicaid to collect from an estate after the death of the patient? For example, how long should...Read more
Probably. The general rule for transfers of assets is that they make you ineligible for Medicaid for the subsequent five years. There are a few exceptions. For instance if the house was transferred to a disabled child of the nursing home resident or to their child who lived with them for at least two years providing sufficient care to keep them from having to move to the nursing home.
Harry S. Margolis practices elder law, estate, and special needs planning in Boston and Wellesley, Massachusetts. He is the founder of ElderLawAnswers.com and answers consumer questions about estate planning issues here and at AskHarry.info.