Jul 10, 2017 · 1 min read
Yup. There are actual seminars in my area about when to transfer assets to your children so you’ll pass an Medicaid eligibility asset test. My 88-year-old grandmother has over $1M in savings, but with excellent physical health, a family history of extreme longevity, and Alzheimer’s severe enough to require an assisted living facility, there’s a strong chance she’ll outlive her savings. Almost no one is prepared to pay out of pocket for nursing homes.
