Medicaid and Nursing Homes: Protecting Your Inheritance?

Protecting your inheritance when Mom needs Medicaid? Think again. This episode reveals how adding your name to elderly parents' bank accounts doesn't shield assets from Medicaid's reach. We uncover the harsh realities of the five-year look-back rule, why trusts might be too late, and how nursing home costs can devour savings. Learn why early planning with an elder law attorney is crucial to navigate Medicaid's complex rules and potentially safeguard your family's future. Hosted on Acast. See acast.com/privacy for more information.