Four years ago my mother gifted me $11,000 - 9 months ago she ended up in nursing home -I used that money towards her nursing home costs. Long term care ins that paid for some of cost. Now we sold her condo. Question, can I take my $11,000 out of those proceeds without any consequences when she applies for Medicaid in about 2 years?
By applying for medicaid, one allows for an all access pass (& theres no lanyard or T shirt to wear....lol) to the state to request any & all financial records & background. State can request prior 5 years of bank statements, taxes, life insurance policies, health records, etc.
If your elder has assets, they & you/their DPOA are best off meeting with an elder law atty to discuss what the options may be. Your mom is going to have $ coming in from house sale. She needs to consider what to do even if she's already in a NH but not applied to Medicaid yet. There is a expert of this site - Gabriel Heiser - who has a book on this subject, that is very solid worthwhile reading. Get the book and work up a list of elders assets & of ?'s you & dpoa have and see and elder law atty. The key to Medicaid IMO is planning & knowledge.
Medicaid application today means 5 yr lookback = year 2012.