[TR] keeping triumphs in family

[Ken Gano]

I think the asset look back is three years, but that may be state specific 

Ken Gano

Sent from my iPad

> On Feb 19, 2018, at 6:41 PM, Joe Curry <spitlist at cox.net> wrote:
> 
> Transfer title to a close family member and no longer worry about it.
>  
> From: Triumphs [mailto:triumphs-bounces at autox.team.net] On Behalf Of Gary Nafziger
> Sent: Monday, February 19, 2018 4:41 PM
> To: triumphs at autox.team.net
> Subject: [TR] keeping triumphs in family
>  
> we are getting older and wondering about what to do to keep triumphs in the family.  specifically.........I think in IOwa the rules are that once in a nursing home you pay out of private funds untill you run out of money then go on title 19.  medicaid. 
>  
> If only one of you go in you keep your house and one vehicle and $2,500.  In other words you must get rid of most of your assets.  I'm not sure how serious they would be about making you sell triumphs.  I'm thinking of changing the titles to my son's.  then keep paying the insurance and upkeep and driving them myself.  (i think the state checks out all your transactions back 5 yrs).
>  
> anyway has anyone else been through this?  any suggestions or opinions?
>  
> gary n.
> 
> ** triumphs at autox.team.net **
> 
> Donate: http://www.team.net/donate.html
> Archive: http://www.team.net/archive
> Forums: http://www.team.net/forums
> Unsubscribe/Manage: http://autox.team.net/mailman/options/triumphs/triumphs@consolidated.net
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://autox.team.net/pipermail/triumphs/attachments/20180219/01de1e38/attachment.html>