How can I pare down my aunt's assets for her to qualify for medicaid?

Consult with a Certified Elder Care attorney to get such information. You don't want any opinions on such an important matter, just facts. When it comes time for Medicaid to do a 5 year look back, you want all your i's dotted and your t's crossed, with no room for error anywhere.

If I understand your profile, she's already in a nursing home? If so, that would spend down her assets pretty quickly.

WJen you say assets, you mean her savings and investments, yes?

If you are her POA, you should start selling them in a way that minimizes the tax bite and use the proceeds for the part of her NH bill that is not covered by her invome.

Pre-pay funeral expenses is a good one to do. That is helpful for everyone.