assisted living
Grandma needs to go to long term care in Arizona. Can she put her assests into a trust so she can receive state aid? She owns a home and has some investments.How to get around this?
1 Answer from Attorneys
Re: assisted living
She cannot put her assets in a trust or give her assets away in order to qualify for state aid. Transfers such as those would be considered a fraud on the system and the government looks back five years at such transfers of assets.
There are possible "spend downs" on assets that may be exempt from the government, this is a specialized area and requires expertise in dealing with the system. So, it depends upon the dollar amount of the assets and what they are, as to what can be done to qualify for state aid.
It may be more important to private pay for her care for 12 months, so that when she goes on state aid, they will not require her to move from a really good place and people who care for her.
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