As long as there is joint ownership the CDs stay in place until they mature. Then you have to decide how to reinvest. As long as both parents are living and have joint assets there shouldn't be a change unless they make one. Are you asking because there is the possibility of your parent entering Medicaid nursing homes? There is a 5 year look back period on personal assets. You may want to look into Living Trusts. Lilli
By clicking the button above, you agree to our privacy policy and terms and conditions. Our team may contact you via an auto-dial phone system. Your consent is not required to use our service.
The hard part is over.
I'm matching you with one of our specialists who will be calling you in the next few minutes.
Don't want to wait?
Skip to the front of the line by calling (888) 848-5724.
Are you asking because there is the possibility of your parent entering Medicaid nursing homes? There is a 5 year look back period on personal assets. You may want to look into Living Trusts.
Lilli