Many folks I know, put their home or assets into a trust, or LLC when they get older. I believe they will go back 2 or three years and challenge that change of property. To game the system, you do it as soon as you retire. You also set up a trust of non-taxable income, run by that LLC.
Of course the LLC is run by trusted family members or a trusted attorney. You are just a subsidiary collecting dividends, and living in a rent free home.
I'm not sure who you refer to as "they". I'll guess you mean the government, not the "folks".
Would it make good sense for a 75-year-old woman to transfer the deed to her house to one or two of her children? Just wondering what you think.