You're probably concerned about Medicaid.  For details on elder care financial planning, you should really have a consultation with a lawyer who's familiar with elder care issues, because all of the facts of your parents' situation have to be considered. The last time I checked, Medicaid had a 36-month "look back" provision, for transfers of assets at less than fair market value.  In most states, the courts recognize Medicaid planning as a valid strategy, and the idea is to make the transfers before something like nursing home care is actually necessary, so that the 36 months are past when your parents have to apply for this.