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URL:  http://boards.fool.com/i-faced-a-somewhat-similar-situation-with-my-12446480.aspx

Subject:  Re: parents nest egg security in danger?? Date:  4/21/2000  12:21 PM
Author:  dweiss3 Number:  21425 of 78166

I faced a somewhat similar situation with my parents a few years ago. The only alternative that I could find to protect assets and still have Medicaid pick up nursing home costs was the following:

Put the lump sum into a variable annuity for Dad. Prior to mom going into a nursing home annuitize so dad begins receiving monthly income. Incom