The way you remove/change a field depends on the field. For example, to remove a boolean field, set the value to 'false'. To remove a string, you use DeletedField. Refer to the RelistItem documentation for information about how to remove/change specific fields.
Thatâs great â but beware the look back period. When you apply for Medicaid, any gifts or transfers of assets made within five years (60 months) of the date of application are subject to penalties. Any gifts or transfers of assets made greater than 5 years of the date of application are not subject to penalties. Hence the five-year look back period.
This is a trust that cannot be changed by the individual who created it. This asset would be included in all Medicaid eligibility formulas. These kinds of trusts are not useful when planning for Medicaid. The irrevocable trust is subject to the 60 month look back period. The funds of the trust are eventually paid to the beneficiary, but any income from the trust may be used to pay for living expenses of the grantor. This includes the costs of nursing homes.