QUESTION
How long must you wait after creating an irrevocable trust before you can be protected from a spend down when someone may need Medicare assistance ?
Asked on Jan 11th, 2020 on Trusts and Estates - Georgia
More details to this question:
Is there a period of time after a piece of property is put into a irrevocable trust before Medicaid is applied for to protect the property from having to be sold and spent down?
1 ANSWER
Probate Litigation Attorney serving Lawrenceville, GA
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Robert W. Hughes & Associates, P.C.
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Generallly speaking, there is a 5 year look back period. You should consult with a Medicaid Planning lawyer before thaking any actions.
Answered on Jan 13th, 2020 at 7:34 AM