Blitzpup
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Yes, your dad will have to make full financial disclosure to determine the extent the state is obligated financially. Your dad can get the funds out of his name, but there is a legal matter of 'gifts in the anticipation of events'. Meaning that the 'gifting' has to have taken place prior to the knowledge of the 'need'. Most states put a time of three years on this. Some have NO time limits, because a coming event like permanent disability can at times be known many years before it actually happens, as in a coma patient or one severely injured that is going to deteriorate. |
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Alexis
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They will take you moms money, the house, the money in the bank too. He needs to get that money out of the bank and find a safe with a cement cover over it. |
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sasmallis
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Buck up and let the money go towards her care...why should the tax payers foot the bill if they have the money to pay it? This is why we are turning into a "what can my country do for me" socialist country. |
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tony
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I wouldn't put your mom in a nursing home. It's cheaper to have someone to come to the house and take care of your mom, and it is mostly cheaper if the family members take turn in taking care of her.
The nursing home would ripe as much as money they can and they wouldn't take care for her like you wish.
God Bless |
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hightechchic
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Can they "take it"? No. But they can and will charge the normal rates for the nursing home care. And that can range from $1500-$3000/month (or more, depending on the level of care required, the type of facility, whether it's a private/semi-private room vs. a ward, etc.)
Medicare will NOT pay for nursing home expenses. So, the only way to have nursing home expenses paid without paying out of pocket (or having long-term care insurance) is if your Mom would qualify for Medicaid.
Qualifications for Medicaid are based on income and assets, so this is likely getting to the core of your question. And before your father starts thinking about giving away his money, you should really check into the maximum asset/income for Medicaid. The fact is, if the monthly income is above a certain level, regardless of any other factors, your Mom may STILL not qualify for Medicaid, in which case it would be ridiculous to consider giving away the money because they will most likely need it.
The link below is a good place to start. |
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LARGE MARGE
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My mom went into a nursing home....they took everything she had. I would say to be on the safe side....have your father put any assets out of his name and possible a family member none other than one of his kids....like his brother or sister. Someone more or less on the outside of the immediate family he can solely trust. |
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Yep!
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Probably, but it depends on the state in which you live. |
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Eagleflyer
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You need to talk to a probate attorney. The answer to your question is yes and no. Yes if the money is just sitting in a bank account, no if you set up a trust like you mention. As for the period of time this takes, your best bet is to get this information from a probate attorney, that way you can be sure of the information you get. |
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tweed801
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no they can't take your dad's money but they can take your mom's s.s. check. |
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Lance
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Yes they will. And if the state puts her in they will also take his money. |
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renegadesail
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If your dad show any assets, they will wont it. I went through this with my Mom and Dad. If you Mom goes into a nursing home, Social Security will pay the bills. If you Dad doesn't change the money into someone elses name they will wont him to pay the nursing home bill. This is the way it is in Texas, have your Dad check with a lawer or S.S. |
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camronearl
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The best course of plan would be to contact a financial adviser prior to placing her in a home. Additionally I would contact one that lives in your area to ensure that they have a full grasp of state, and local, laws.
Additionally you can contact the Medical Social work department of your local hospital. Although they are not versed in legal jargon, they do however have a firm knowledge of power of attorney, as well as information regarding the majority of local rest homes in your area. |
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mark
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You need to talk to a lawyer , or financial advisor , or good social worker familiar with the rules for your state. In some states they look for transfers of assets for several years before the person needs nursing home care. |
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PH
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No one has to pay anyone else's debt, PERIOD. |
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Jo Blo
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in a pair of skinny seconds.
something like 3 yrs right now |
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MontanaGirl
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you need to check with an attorney in your state. But a family friends uncle had quite a bit of money in his bank account and the nursing home could not take it as you say. Yes he did have to pay for his care which he did using his SS money. When he passed away his will took affect which gave the remaining money's to several of his family members. I highly suggest you get the advice of a knowledgeable attorney. |
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bj
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yes they will |
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Debbie P
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I live in Georgia and your Dad needs to put the money in his children's names. They will take it all in about a year. That's how much a nursing home will cost. I believe it is 3 years they go through the finances. Is your Mom ill? In the state of Georgia you can not put someone in a nursing home. A doctor will advise that this has to be done due to the person not being able to take care of themselves. They also have to be admitted to a hospital before that ever happens. This protects people from being admitted to nursing homes when they do not need to be there. |
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jnicole.x3
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your mama's so physco
she put you in the bath
and played with your ding a ling
DUDE!
x3 |
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