Legal Question in Real Estate Law in New York

Re: Parent selling house & giving money to children

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She may give her money to whomever she wishes. However, you should be aware that Medicaid now has a five-year look back period, meaning, if she enters a nursing home within the five years after she gives away her assets, she may be personally responsible for the equivalent amount before Medicaid provides any coverage.

Advise you consult a qualified elder care attorney.