Legal Question in Elder Law in Florida

Transferring CD's to my name

My mother would like to transfer her

CD's to my name. If she has to go

into an adult facility, how long do

the CD's have to be in my name so

that this money doesn't have to go

for payment to the facility?

I heard it was 5 years and my

accountant says it's 3 years?

Thanks you.


Asked on 3/21/09, 1:43 pm

1 Answer from Attorneys
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

Re: Transferring CD's to my name

Check with the medicare and medicaid people, they will be able to tell you. I am pretty sure that the information is also on their web sites.

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Answered on 3/21/09, 5:30 pm


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