My husband suffers from dementia. He is currently on Medicaid and Medicare and receives $1,800 a month in disability payme...Read more
Yes, those concerns are justified. Your parents should make no future gifts without first consulting with a local elder law attorney. That said, the past gifts may or may not be a problem and it may be possible to make some future transfers. That depends on your parents' health and financial status and many other factors. A qualified elder law attorney would be able to advise your parents and their family how best to proceed.
Medicaid Rules, etc