If before my mom’s alzheimers got bad she put 2 CD’s in trust for my sister and but she now goes to a nursing home, do the CD’s become theirs?

What if we cash them before she has to go?

Asked on November 16, 2013 under Estate Planning, Pennsylvania


M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 7 years ago | Contributor

There are many facets of estate planning and too many questions here that are unanswered to give you the "perfect" response.  Basically if an Irrevocable Trust was created and it it were properly funded and managed for 5 years before she entered in to the nursing home they would be exempt from medicaid attachment.  But what your Mom actually did with the CD's and the instrument used to create the trust will need to be looked at by an attorney before you cash out anything.  Good luck.

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