The "look back"; gifting and the rules are VERY complicated, and require the assistance of an elder law attorney to detailed, fact specific answers.
The first link I provide here, answers most of the questions you have , up unitl what property can go to whom, and when. What many people do ( and I not advising this) howvere sinec the home is exempt, put all their resources ino that and then put the home in a trust. But you need an expereinced attorney to details out your assests and future.
http://www.theeldercarelawfirm.com/PracticeAreas/Medicaid-Myths.asp
http://www.edlc.com/PracticeAreas/Medicaid-Eligibility.asp
http://www.elderlawanswers.com/
http://www.ozarkselderlaw.com/page.php?id=2


