How far back does Arizona Long Term Care System look to see if an applicant transferred any assets?
Arizona Long Term Care System imposes penalties on transfers without value, or gifts, to prevent applicants from transferring their assets just to obtain ALTCS eligibility. At the present time, ALTCS looks back five years from the application date and questions every transfer an applicant has made. Applicants who transferred assets within the five-year window may be penalized with a period of ineligibility, the length of which is determined by the value of the transfer. The bottom line here is that applicants cannot become eligible for the ALTCS benefit by simply giving away their assets. Before giving any property away, ALTCS applicants should discuss their situation with an Arizona Elder Law lawyer.
