Right on, Jeannegibbs! Five years is the magic number as far as Medicaid is concerned. Seeing an estate attorney or elder law attorney is a good idea in this case. Take care, Carol
If she has enough other assets to pay for her own care, no problem. If she doesn't need financial assistance (such as Medicaid) for more than 5 years, no problem. But if she happens to need to apply for Medicaid in the next 5 years, giving away money now could be a problem.
How good is your crystal ball?
I suggest seeing an elder law attorney or an estate planner for advice on how to accomplish your mother's wishes with the least risk.
Trying to view yor situation I see u view your brothers as your mothers sons,this is uncommon in my neck of the woods,nothing wrong with that but did ur mother say she would leave u anything too or has there been any falling out of relationships between ur brothers or mother ?
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Take care,
Carol
How good is your crystal ball?
I suggest seeing an elder law attorney or an estate planner for advice on how to accomplish your mother's wishes with the least risk.