QUESTION:

irrevocable trusts

What is the look back period for transfer of assests in Illinois in the case of an irrevocable trust when applying for medicade benefits.
The trust was established prior to the new 2006 Medicade rules (DRA)
asked by lm0125, 2/23/2009
Categories: Caring for Aged Parents, Health Insurance, Relationships, Medicaid, Retirement Assets, Asset Protection
ANSWERS:
Answered by: Editorial, 03/19/09
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This question is probably best answered by the Medicaid office closest to you in Illinois.

This URL might be helpful to you: http://www.hfs.illinois.gov/medical/

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Answered by: Joe Whitehouse, 02/21/10
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While the 2005 DRA changed the lookback from 3 years to 5 years for most transfers made on or after 2/8/06, the lookback period for irrevocable trusts in which the grantor may never benefit from has been 5 years since 8/10/93 (Obra '93).

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