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