My 97 year-old aunt has been in assisted living for 5 years now. Years ago, she avoided setting up a trust, assuming annuities would provide adequate income. Indeed, for a few years, that was the case. But not anymore. She is in the process of "spending her money down" with the ultimate result being qualification for medicade...not what she wanted in the least. As her legal guardian, do I have any viable options regarding asset protection of her remaining estate ?
