Do not transfer assets for less than fair market value within the lookback period
Keep detailed records of all financial transactions
Use assets for your own benefit instead of gifting them away
Consult a qualified elder law attorney before making transfers
Plan long-term well before needing Medicaid
Consider exempt transfers allowed under Medicaid rules
Review state-specific Medicaid rules carefully
Avoid adding names to accounts or deeds without legal advice
Pay fair market value for any property transfers
Maintain documentation for any legitimate expenses and purchases
Use irrevocable trusts only with professional guidance
Keep income and asset changes transparent and documented
Do not make large gifts to family members without legal review
Explore lawful spend-down options
Coordinate estate and Medicaid planning early