As I understand Medicaid relative to nursing homes, it's limited to people with NO assets, so nothing for children to reap after death.
You are basically correct, so asset transfer then takes place intentionally thru various means to make the potential Medicaid receiptant then qualify for Medicaid as being insolvent, ie saving heirs inheritance and the need to support their relative..
I understand they can go back a number of years to recover assets, 5 or10? Don't recall exactly. Tough system to game.
Yes, its 5 years, but one thing everybody should understand, we all are going to die, and our assets are going to go somewhere. Chose wisely.
Reality check, that half the population is smarter then 50% of the people and it's a constantly contested fact.
