Posted by redtom on August 03, 2013 at 17:52:52 from (97.84.193.70):
I know its a tractor forum. And I know when to seek legal counsel so don't hammer me for asking here but this is a new one to me. BIL just had to put his pops in a home. Kids all fighting over assets, what to do, the mom still ok. BIL says his brother found a lawyer that knows a "loophole" and he can put all of the mom's money in a special "account" for 90 days while feds take "snapshot" of her assets so pops get Medicaid nursing home. Then give it back to her. All I know is last year I spoke with a reputable estate planning attorney and he told me there is NO WAY to hide assets or avoid the "look back" period. Anyone ever hear of this magic "loophole"?
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