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[quote=Anonymous][quote=Anonymous]OP here - all, thanks so much for the comments. You've all raised some good points. Seems like I need to do some more reading about Medicaid.

Right now the $200K yields investment income that supplements my mother's pension and SS and covers most but not all of her expenses (hence my brother's request for additional funds). She's in a retirement community she dislikes...although I think she'd dislike anything. She's having a hard time with the other residents and staff.

I can't help thinking that it might be a good idea to take some of the $200K, sell it, fund a stay in a nicer place with (hopefully) better food but also with a broader spectrum of continued care...so that if/when the time came, she could go to a nursing facility and even go on Medicaid...

I don't know...this is so hard...  [/quote]
I am dealing with a (not-so old) parent who is in a nursing home now -- and working to get him on medicaid.
Please understand -- your mother will not qualify with $200,000.
She just won't.
She will not qualify if she has any assets.
 Also, be aware that if she owns property -- she cannot "gift" it to you in order to qualify.
That is looked upon as fraud.
She would have had to have "given" to someone at least 2 years prior.
I know the medicaid possibility is something for 'down the line', but you should understand how it works if it came to that.
My parent was originally denied because he owns 40% of my deceased grandparents' home.
His brother owns 60%.
Whatever you and your sibilings do -- just be sure you are aware of all of the possibilities and qualifications for all of the care options out there.
[/quote]

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