protecting assets from nursing home expenses

[Anonymous]

wow

[Anonymous]

Why should ANYONE other than your mom or you (since you are perfectly able) pay for her care??? Oh, because you want to pocket the money and have someone else pay your bills? Who do you think should foot the bill? The nursing home, the taxpayers, next door neighbor? This is entitlement beyond compare.

[Anonymous]

It has been a decade since I've looked at Medicaid issues, but I think any gift given within five years of going on Medicaid can be reversed. So even if she tried to give you the assets Medicaid would attach your property to collect.

Something to look into b

[Anonymous]

Anonymous wrote:It has been a decade since I've looked at Medicaid issues, but I think any gift given within five years of going on Medicaid can be reversed. So even if she tried to give you the assets Medicaid would attach your property to collect.

Something to look into b

Sorry for the HUGE misinformation above (I said its been years and I'm not a elder law attorney). Just disregard it all.

It's that a transfer will result in a period of disqualification for Medicaid. So, if you transfer x amount of money, you cannot apply for Medicaid for Y period of time.

It's very complex. You should call an elder care attorney who specializes in Medicaid.

[Anonymous]

Anonymous wrote:Not interested in paying for your mom, so you and sis get more.

The greed and lack of personal responsibility is appalling. I hope you are a troll.

wait. you sound like a conservative PP. maybe there is hope after all.....

[Anonymous]

wait. she has LTC. why is this a concern?

[Anonymous]

Anonymous wrote:You are fucking disgusting. You would rather throw your mom into a substandard government funded nursing home for the less well of then have her go into a pay for nicer facility? Let me guess, you won't be paying for your kid's college let them take loans. DISGUSTING.

to be clear, EVERYTHING govt run is substandard. interesting how everyone is against govt assistance regarding this issue but not regarding everything else.

i am curious why LTC isnt going to take care of this!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Not interested in paying for your mom, so you and sis get more.

The greed and lack of personal responsibility is appalling. I hope you are a troll.

wait. you sound like a conservative PP. maybe there is hope after all.....

Liberals can have no tolerance for fraud, too.

[Anonymous]

Let's be clear, OP - you aren't talking about "protecting her assets," but rather "makign sure you, your sister and your families get the assets, and leaving the taxpayers foot the bill for your mother's care."

And, to echo a PP - Wow.

[Anonymous]

Np here. I agree with all the criticism to OP. but I am wondering- what if she sold the properties to them at ridiculously low prices? Not advocating it. Just wondering..

[Anonymous]

Are you sure medicaid facilities are all bad? I visited a relative in another state and his facility looked great. And he didn't have to pay for it.

We should make them terrible so people like OP won't consider this option.

[Anonymous]

I am glad to hear there are some nice ones - many are not. However, even if it looks nice - I wonder if your relative gets all the services someone at a private pay place would get - does he get as much PT or OT? Is there good transportation to take him out into the community? How much variety is there in food? What is the staff to resident ratio? ETC.

The truly destitute elderly deserve a nice place to call their final home at society's expense, but not folks whose children want their money.

[Anonymous]

NP here - whether it's right or wrong, I think this happens A LOT. I don't think OP is a troll.

[Anonymous]

OP, they can only look back at the last 5 years for the gifted money. So, if she gifts now and goes into care after turning 75y., they cannot get the money back.

Also, the maximum allowed gift right now is 5 millions per life. Just talk to a lawyer.

[Anonymous]

Anonymous wrote:I am glad to hear there are some nice ones - many are not. However, even if it looks nice - I wonder if your relative gets all the services someone at a private pay place would get - does he get as much PT or OT? Is there good transportation to take him out into the community? How much variety is there in food? What is the staff to resident ratio? ETC.

The truly destitute elderly deserve a nice place to call their final home at society's expense, but not folks whose children want their money.

A nursing home is different than a assisted living facility. There are not "transportations" to anywhere int he community from a nursing home, unless it is to the hospital.