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My MIL wants to do this for 2 main reasons:

1) To hopefully not lose her house if she goes into a nursing home for a lengthy amount of time
2) So my wife and SIL hopefully won't have to pay inheritence taxes at the time of her death.

She wants to do whatever she can to limit the amount of "her money" the government can get from her in either of these cases.

She is seeing an attorney later today about her options. However, my wife wanted me to pose these questions before she went and to also see how this would affect us in the long run!

Thanks for your posts and comments, they are very helpful!
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