Legal Question in Wills and Trusts in Kentucky

Protect assets for grandmother that was just put in a nursing home

My grandmother was just placed in a nursing home and I am looking for ways to protect her life long assets. She has a home, a car and some monetary assets in the bank. Is there a way to gift these or the money to help protect them from being taken over? I am looking for ways to protect as much of her assets as possible. It is a shame that she would lose everything to a rest home because she became sick.


Asked on 11/27/07, 2:54 pm

1 Answer from Attorneys
Gregory Napier Troutman & Napier, PLLC

Re: Protect assets for grandmother that was just put in a nursing home

Medicaid planning can be fairly complex and there is now a 5 year reach back period for the distribution of assets. You can get into some hot water with this so you really ought to consult an attorney directly.

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Answered on 11/27/07, 3:15 pm


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