look back period
n.— «The law discourages gifts to families and charities by increasing what’s known as the “look back” period from three to five years. This is the period in which a gift can still be considered an asset of the giver. For example, if a senior citizen gave twenty five thousand dollars to a grandchild’s education or a non-profit four-and-a-half years ago, that money can still be considered the asset of the senior citizen, which might be enough to make him or her ineligible for Medicaid assistance for nursing home care.» —“New Law Puts Non-Profits at Risk” by Al Rothstein onPhilanthropy Aug. 2, 2006. (source: Double-Tongued Dictionary)
Further reading
There was a time when William Shakespeare was just another little seven-year-old in school. Classes in his day were demanding — and all in Latin. A new book argues that this rigorous curriculum actually nurtured the creativity that later flourished...
“What has a head like a cat, feet like a cat, a tail like a cat, but isn’t a cat?” Answer: a kitten! A 1948 children’s joke book has lots of these to share with kids. Plus: an easy explanation for the difference between...