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[quote=Anonymous][quote=Anonymous]OP here. It was money from house sales, no interest bearing securities or a well crafted portfolio, just money in a parked checking account as far as I can tell.  I was told the Trust pays for any legal fees or accounting related to it, which is especially outrageous when there’s no money to even do this. I don’t have the resources to hire a lawyer to get blood from a stone. I just want to know if it really is common, in people’s experience, to have money in an SNT go so fast. Thank you everyone.[/quote]

Everything depends on how it was structured. If the money was your BILs but accessed through a trustee, Medicaid has spend down provisions which would deplete the money extremely fast. And those provisions would not allow him to continue receiving Medicaid if you tried to limit immediate access to money. It’s not easy to be a trustee under these circumstances.

I think there may be a way to structure trusts to prevent this but it can’t be done with the Medicaid recipient’s own money after the Medicaid placement is established.

Honestly you all are in a great position given that he has a Medicaid placement. You have no idea how hard they can be to get. I know there are things you all will want to pay for but the placement should be providing for all needs. [/quote]

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