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URL:  http://boards.fool.com/1-in-addition-no-one-mentioned-the-look-back-24257751.aspx

Subject:  Re: House transfer: Father to Sons Date:  6/22/2006  2:07 AM
Author:  TMFPMarti Number:  87511 of 121572

1) In addition, no one mentioned the look-back periods on gifts for making determinations for eligibility for Medicaid.

That's because the question was presented as wanting to make sure the home equity is available for your father's expenses. The whole point of asset stripping is to avoid using the old person's assets for his care, letting Medicaid pick up the tab while the money goes to the heirs.

I'm back to my advice to ditch this advisor. He's evidently not explaining things very well to you.

Phil
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