Medicaid recovery is indeed a federal law, allowing states to reclaim costs from your estate. Be cautious—transferring assets within five years before entering a nursing home still counts towards your estate and could even lead to capital gains taxes. To protect your assets, consider an irrevocable trust, but remember, it must be set up at least five years in advance. This strategy can shield your assets from Medicaid recovery. Follow for more financial insights. #MedicaidPlanning #EstatePlanning #IrrevocableTrust #AssetProtection #MedicaidRecovery #FinancialPlanning #TrustsAndEstates #livingtrust #WealthManagement #FinancialSecurity