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URL:  http://boards.fool.com/didnt-think-so-unless-she-starts-30618508.aspx

Subject:  Re: shelter those dollars Date:  4/2/2013  11:48 AM
Author:  akck Number:  71657 of 76398

Didn't think so, unless she starts "gifting" the money to someone she trusts but she couldn't offload much without taxes getting in the way. What is it now, about $13K a year?

I believe they look at gifting for the 5 year look-back, so that doesn't help.

She's got a bunch of land contracts, too, I don't know if they can come after those as well, or not.

My guess is yes. Here's my roundabout reasoning why:

We know a person in his 50's, suffering from a form of dementia. Apparently, they have a tract of land as an inheritance in probate. The tract is land-locked and none of the surrounding landowners wants to grant access, so while the tract is assessed in the $100's of thousands, it's real value is closer to $50k, after the cost to gain access. One family member wants to develop it, which will disqualify him from Medicaid, while selling it for $50k will keep him qualified. Besides, he doesn't have the funds to develop the land.
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