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I plan to gift my property to my daughter to start the 5-year clock on Medicaid eligibility. I have NO reason to believe she cannot be trusted to maintain the property for my benefit but if there are mechanisms that can ensure protection of my property, I'd like to know.
I'm not interested in home exemptions, trusts, etc - I just want to know if making the gift is an absolute and final act and that, hypothetically, my daughter could do anything she wants to do with the property.
I have spent some time researching the subject and the gifting process seems to have no recourse if misappropriations begin to occur - from what I can read.
Of course I will be consulting with a certified elder law attorney soon, but this preliminary information would be greatly appreciated.