The catastrophic health scare only counts 60 months. That should be and likely is the least of his concerns.
Tax implications would be far and away a more real concern and if Scott is smart enough to have sought counsel this (and not the boogie man of health scare) would have been the focus of the advice.
Not true RE the health care, and that was what Scott himself said was the reason for the quick claim deed.
Tax implications are also a real concern with this plan, obviously, but those were not stated in the original post. Capitol gains taxes for the daughter someday, with no automatic step up in basis available for her to use to exempt them down the road are a problem, possibly, but having been involved in long term care planning and estate planning for many years I know that your boogeyman or scare is very very real. Unplanned for long term care expenses are the number 1 cause of impoverishment of seniors. To ignore this reality is folly.
