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billcaskey Asked October 2022

How can I pare down my aunt's assets for her to qualify for medicaid?

lealonnie1 Oct 2022
Consult with a Certified Elder Care attorney to get such information. You don't want any opinions on such an important matter, just facts. When it comes time for Medicaid to do a 5 year look back, you want all your i's dotted and your t's crossed, with no room for error anywhere.

againx100 Oct 2022
If I understand your profile, she's already in a nursing home? If so, that would spend down her assets pretty quickly.

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BarbBrooklyn Oct 2022
WJen you say assets, you mean her savings and investments, yes?

If you are her POA, you should start selling them in a way that minimizes the tax bite and use the proceeds for the part of her NH bill that is not covered by her invome.

DoingMyBest73 Oct 2022
Pre-pay funeral expenses is a good one to do. That is helpful for everyone.

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