The Listen to Lawrence Letter: Is the 5 year lookback a one time occurrence?

CLIENT QUESTION:

Is the five-year look back a one-time occurrence? Does it go forward every year as you approach your entry into an assistance facility or does it only happen once and then after the first five years look back they can’t look back say in the eighth or tenth year?

MY RESPONSE:

The five-year look-back is not a moving target. It starts not when you transfer assets but when you are applying for Medicaid. When you apply, they look back five years to see if you transferred any assets. Clearly, any assets that were transferred “beyond the look-back” or more than five years from the moment you apply for Medicaid, are safe. Of course, the flip side of this is your assets are safe if more than five years have elapsed since you transferred them and you have yet to apply for Medicaid.

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Listen to Lawrence Letter, just have them email me at

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As always, please send me your questions. If you are thinking about it, others are probably too, so my answers will no doubt help you and many others.

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Stay safe!