Legal Question in Family Law in Iowa

My mother is in a nursing home that costs $103,660 a year. She has assets of $250,000. She is 97 years old. Is it too late for her to gift any money to her daughters in case she needs Medicaid after approximately 2 1/2 years?


Asked on 4/23/15, 8:35 am

1 Answer from Attorneys
Robert Luedeman solo practitioner

It is too late. The lookback period on gifts is five years.

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Answered on 5/04/15, 7:01 am


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