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hi im katie selmsdent with dent colson elder law here with an elder law minute for you these videos are intended to educate you about the elder care journey which begins earlier in life than you might think we hope that you find them useful and if you have further questions please call us at dent colson elder law today were going to talk about how its illegal to hide assets from medicaid im not trying to say that to be scary but its not uncommon for people to think that they can just put something in a childs name whatever that means and that somehow the medicaid authorities wont find out when it comes time to apply for benefits what happens when you apply for medicaid benefits is that the state asks for five years of your financial records and when they see a bunch of money going out of an account or they see a deed being changed or titled to a car theyre going to ask questions while its not illegal to transfer your property or any assets to someone else you will be penalized