Can a gift trust to your children protect you from qualifying for Medicaid consideration?

By Anonymous Caring.com community member

ID:: 11564
First Published:: 28-Apr-2008
Last updated on: Friday May 02, 2008
Related Topics:: understanding medicaid , gifts , trust , gift trust , medicaid

Question

Can a gift trust to your children protect you from qualifying for Medicaid consideration?

— Anonymous Caring.com community member

Answer

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What concerns you most about your parents' financial situation?

Many adult children start to worry about their parents' money management skills as they get older. What concerns you most about your parents' finances? (Choose one.)

I'm worried they'll fall for a financial scam.
They're no longer physically or mentally capable of handling day-to-day financial chores.
They won't share any information about their finances with me.
I'm not concerned, as they seem to be on top of their finances.
They make foolish spending decisions.
They haven't adequately planned for future medical or retirement expenses.

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Can a gift trust to your children protect you from qualifying for Medicaid consideration?

By Anonymous Caring.com community member

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— Anonymous Caring.com community member

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Can a gift trust to your children protect you from qualifying for Medicaid consideration?

By Anonymous Caring.com community member

Question

— Anonymous Caring.com community member

Answer

Provide an answer to this question

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What concerns you most about your parents' financial situation?

Quick Links

General Info

Site Help

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