Mom has decent amount of money, but just has it in passbook savings type accounts which make less than 1% interest. Wants to invest some of it in higher-risk, higher-return stuff such as mutual funds and ETFs. But, of course, wants to protect it so it won't be lost if she eventually has to go into a nursing home.
She wants to set up the accounts with me named on them next to her name, so that we both effectively own the accounts. Would this be subject to the lookback by Medicaid? If it comes down to that, how would they differentiate between money she might have put in, and money I might have put in?