However, the gift could impact a future application for Medicaid by either of your parents if made during the disqualification period which is not necessarily three years. A popular misconception is that if a gift is made today, there will be an automatic three year disqualification. This is not the case. When it comes to your parents sharing living expenses with you, there are several issues that should be considered. Today, more and more parents are moving in with children.
Creative planning is essential before the fact.
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