Suze Orman's Women & Money (And Everyone Smart Enough To Listen) cover image

Ask Suze & KT Anything: What is The Most Important Lesson to Teach Your Kids?

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

CHAPTER

How to Start a Trust to Start the Five Year Look Back

My mom is considering a trust to start the five year look back. Will a trust make it so that you no longer get a step up in cost basis on her home when she passes? No, it won't. You will be fined that way. When you apply for Medicaid, they will look back for five years and see what money have you given away within that period of time.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner