ANSWERS: 1
  • She can give up to $13K/year to each child, but that amount will be looked at in the 5 year look back period! Sorry! So, she needs to keep 60 months of whatever the nursing home takes monthly (eg 60 x $3000= $180,000) to get past the 5 year period, then she can gift the rest to the children. Then she will be past the 5 year look back period when she runs out of money and the State should then step in if she lives that long.

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