“Thought for the Day” #707 – by Stephen R. Elville, J.D., LL.M.

April 21, 2016

Although shrouded in mystery, the so called “five (5) year period” for Medicaid transfers is not hard to understand, and is easily begun, either through an outright divestment of assets or a transfer of assets into trust. The bigger question for most people is what will happen during the five (5) years following the transfer concerning the potential cost of long-term skilled nursing care during that defined period.