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Reply to "Being cut out of a will…"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t think your concern should be your mothers inheritance. My concern would be, can you trust these people with your aunts assets during her lifetime? What if they take all the money and then she’s left with nothing?[/quote] THIS. It’s alarming that this person will not be responsible for your aunt, but will control the purse strings. I would be worried about your aunt being left high and dry.[/quote] I know. The thing is my aunt is going into a nursing home - right now, Medicare will pay for it but then it will be long term care and she has no long-term health insurance. My understanding is the nursing home would bill until that money runs out and then it becomes Medicaid. So if they try to take money out, wouldn’t the government come after them? Aunt asked me to fly in from the west coast where I now live to check out the places - but since she goes in as Medicare, the places haven’t handed me any paperwork. [/quote] I don't like the sound of this at all. I know someone--and frankly was shocked when I found out what she did--she was from a huge family (12 kids originally, the person I know is probably early 60s now). We had lost touch and then I saw a newspaper article about her being charged with some kind of elder abuse and there was her in a mug shot. Her mom had moved in with her, her mom's $400,000 in bank accounts from selling the family farm ended up as joint accounts, later there was a falling out, the mom moved across the state to another child's home, they tried to set her up in assisted living and there was only $12,000 left. She'd blown through the money trying to keep her own business afloat. The other thing is, if someone takes an elderly person's assets, that person can be ineligible for medicaid (medicare coverage is temporary post-hospitalization) which can lead to frightful scenarios since nursing homes don't want to eat that cost. Best to prevent that situation from happening, which joint assets can easily result in. She was convicted but managed to reverse on appeal because of ambiguity in the law, but they went after her later on a different charge which stuck. No jail time (suspended) other than time served, but probation for several years and restitution in exchange for guilty plea. [/quote]
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