When my dad was decending into dementia... I asked my mom "what have you done to protect assets" she gave me this blank stare and I knew we were done for. I have some legal experience so I immediately did a few things on my own. I deeded the home from her and dad to Mom... got a power of attorney and a health care proxy.

But then I went to a solid lawyer and she handled the prep. It was out of my league. It was expensive but for 5K I saved about 250K of assets. There was a ton of paperwork I had to get ready.

We lucked out and managed to get my dad into a nursing home when the law was a three year look back and then it was changed to five.

I would find a good solid lawyer to do this. One way we found ours was looking at the lawyer publications on this issue and finding lawyers who wrote articles about the process.