We know that my Mom does not have enough $ to care ...

We know that my Mom does not have enough $ to care for her should she need long term care. She has a policy to cover her for longterm care for 3 years but after that we will be looking to Medicade. She has home paid for that is valued at $130K+. She has paperwork completed to donate the home to me, her daughter with a useafrix (spelling?). I know there is a 5 year look back and she is 81 years young. Is this a good or bad plan?

Answer this question
Share Send to a friend Watch Report
 
 

Posted Answers

Order by
 
ElexaAnn
111 answers
94 thumbs up
When life presents a challenge, take your shot.

It sounds like a good plan, but I would highly recommend speaking to a lawyer about what your options are.  It seems like you and your mother have planned, and it sounds like you will be OK.  I think you need to speak to a professional to help you plan, though.  Good luck. 

Posted 7 months ago ( permalink )
In reply to pattyoaustin's question
ElexaAnn was invited by Yedda to answer this question.

Rated as
#1 out of 3
0
0
  Report Abuse  

Helpful?

line
line
line



 

Will she be heading into a nursing home anytime soon? The new rules under the Deficit Reduction Act are very picky and you don't want a situation where your mom is disqualified for a few years. I strongly recommend you consult a knowledgable Elder Law Attorney in your area.  Good luck to you.

For more information on Medicaid and Alzheimer's visit: www.austinelderlaw.blogspot.com or www.alrconline.com
Posted 7 months ago ( permalink )
Rated as
#2 out of 3
0
0
  Report Abuse  

Helpful?

line
line
line



 

Speak to a lawyer or maybe a long term care agent about options. Check out this site for

long term care insurance tips and resources. It may answer some of your questions if you don't have answers already - http://www.ltcconnects.com/resources/
Posted 5 months ago ( permalink )
Rated as
#3 out of 3
0
0
  Report Abuse  

Helpful?

line
line
line



Sign in to participate

Got an answer for pattyoaustin? Would you like to comment on the posted answers, or vote for the one which you think is the best?

Sign up for a free account, or sign in (if you're already a member).

Explore Related Questions

Other people asked questions on similar topics, check out the answers they received:


What are the results of the first day games ?

what are the results of the first day games ?
Submitted by mconnorman23 1 month ago
  • 1 answer
  • viewed 85 times

Last answer posted 1 month ago by Lior Haner


Explore Related Posts in Forums

» More...

Powered by:

Omgili
Feed - Subscribe to changes to this Q&A Blog
Copyright © 2006-2008, Yedda Inc. and respective copyright owners · CC License