Scarlet347
Junior Member
What is the name of your state?
Florida.
My parents are quite elderly and my brother and I are concerned about one of them having to be in a nursing home for a protracted period of time which would deplete their savings.
I am disabled and receive adult disability from the Social Security administration. Can they gift me a portion of their savings so that they would qualify for Medicaid? I understand that this would be called a "Special Needs Trust".
Florida.
My parents are quite elderly and my brother and I are concerned about one of them having to be in a nursing home for a protracted period of time which would deplete their savings.
I am disabled and receive adult disability from the Social Security administration. Can they gift me a portion of their savings so that they would qualify for Medicaid? I understand that this would be called a "Special Needs Trust".