I am thinking about putting my mother into a nursing home, but i'm concerned about the fact that she has quite a few bonds that are in her and my son's name. Will medicare have a right to the money if she goes into a nursing home? Please advise the best way to approach this situation. Another question i have is if they do have the right to the money and if I cash the bonds and then if we have to put her into a nursing home within 5 years, will i lose the taxes paid on the interest i will pay when they are cashed? Thanks.