08/28/2026
On the 8/20/26 episode of YOUR LEGACY, YOUR WAY, Attorney Carolyn Duncan at Duncan Legal, PC, joins Host Scott Whatley to talk about a topic that many of her clients have shown to not have much knowledge about or simply do not understand what the 5 year “Look Back”, actually means.
Carolyn says the Medicaid 5-Year Look-Back is one of the most misunderstood aspects of long-term care planning, yet it can have a significant financial impact on families. This episode explains what the look-back period is, why Medicaid reviews financial transactions made during the previous five years, and how those reviews determine eligibility for long-term care benefits.
Listeners will learn the critical differences between Medicare and Medicaid, including why Medicare generally does not cover extended nursing home care while Medicaid often becomes the primary source of assistance for those who qualify.
The discussion also explores why the look-back rule exists, what types of gifts and asset transfers can create problems, and how violations may result in a penalty period that delays Medicaid eligibility. Attorney Carolyn Duncan explains which assets may be exempt, including a primary residence under certain circumstances, one vehicle, personal belongings, and certain burial arrangements.
The program also highlights common mistakes families make, such as waiting until a health crisis occurs, giving away assets without understanding the consequences, failing to maintain financial records, or relying on well-meaning but inaccurate advice.
Most importantly, listeners will discover how proactive planning with an experienced elder law attorney can help protect assets, avoid costly mistakes, and provide greater peace of mind for themselves and their loved ones.
Carolyn says her motto is “Helping People Solves Life’s Puzzles.”
Listen to the 8/20/26 podcast: https://www.haystackhelpradio.com/wp-content/uploads/2026/08/Haystack-08-20-26-Carolyn-Duncan.mp3
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