Recent content by ioticus

What does px hx mean?

Thanks for those links, that was helpful.

We have a few elder law attorneys but I don't know if they can also provide the financial planning and knowledge about reverse mortgages.

She's in Virginia.

Sorry I forgot to mention I have her POA. Also, I plan to put her in a nursing home after getting her on Medicaid.

I have a 94 year old grandmother whom I've been paying to take care of for years. She gifted me 230k 4 years ago and I plan to put her on medicaid in about a year when she passes the look back period. Her health has been declining the past few months and the person that I have been paying to...

Okay, thanks for the help everyone. Looks like there is nothing I can do but hope she doesn't have to go to a nursing home or have a serious illness within the next 2 years.

Can they attempt recovery beyond the 5 year look back or only within the next 2 years?

Yeah, I understand that, I was just trying to determine if Medicaid or the nursing home could sue me for the 230k.

230k. The house is worth about 200k.

Is that really true that I would not be required to use the money she gave me? I thought the state could force me to pay the money back.

I do have her POA, I mean if she has to go to a nursing home permanently within 2 years (I've been trying to keep her out of a nursing home and she doesn't want to go), could I sell her house to help pay the bills, rather than use the money I was gifted? I do own my own home.

So I could sell her house and if the money from that lasts long enough to pay for her nursing home care past the 5 year look back, the money is safe?

So, if I understand you correctly, the money she gave me would not be in jeopardy until the money from the sale of her house runs out to pay for her health care, then Medicaid would take over?

What if I never apply her for Medicaid, is she automatically put on Medicaid when she goes to the nursing home?