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We have a ITF account. It lists my name and my brothers name
We have a ITF account.It lists my name and my brothers name on it.Below our names it says ITF my mothers nameThe address on it is my address.Does my mother need to report this money to medicaid its "I… read more
Attyadvisor
Attyadvisor
Doctoral Degree
8,554 satisfied customers
My mother placed her home into an irrevocable trust with me
My mother placed her home into an irrevocable trust with me as trustee in 1995 granting my sister use for as long as she chooses. My mother died in 1997. In 2016 my sister no longer wished to reside t… read more
DamienJD
DamienJD
Attorney
Doctoral Degree
5,631 satisfied customers
Hope you are doing well.. I am from New York State and
Hi Hope you are doing well.. I am from New York State and my question is this: My mother is a resident in a nursing home and we just found out this is most likely a permanent placement (slight chance … read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
My mom lives in Florida. She has little savings (less than
My mom lives in Florida. She has little savings (less than $5,000). Her only asset is her modest home (worth less than $200,000). If she needs nursing home care I fear the government or provider could… read more
ScottyMacEsq
ScottyMacEsq
Doctoral Degree
18,113 satisfied customers
Hello ... Im working to assist my 87 year old mom in building
Hello ... I'm working to assist my 87 year old mom in building an estate plan that will: 1) provide maximum protection of her assets against the (unlikely) possibility that her future life might inclu… read more
socrateaser
socrateaser
1,031 satisfied customers
I will give a nice tip! In Maryland, I have a cousin (40
I will give a nice tip! In Maryland, I have a cousin (40 years old) who is blind from birth and legally disabled. She has no siblings and her mother died a few years ago. Her father is worth around $1… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
49,661 satisfied customers
Hi - my mother in law has been in a nursing home for a year
Hi - my mother in law has been in a nursing home for a year and has been paying for it out of her savings account. That will be running out in a 8 months. We are also in the process of selling her hou… read more
LegalGems
LegalGems
Juris Doctorate
13,413 satisfied customers
My mother is currently on Medicaid, and living in an assisted
My mother is currently on Medicaid, and living in an assisted living facility in Grand Rapids, MI. Her mother passed away in January, 2006, with the her only asset being some apartments that were part… read more
Roger
Roger
Litigation Attorney
Doctoral Degree
26,949 satisfied customers
Wondering if you can tell me our best option selling home or
Wondering if you can tell me our best option selling home or keeping and renting? Mom put house in living trust 2004 for brother and I. Brother took loan against house 2006 for $75K. House then worth … read more
Barrister
Barrister
Attorney
Doctoral Degree
5,908 satisfied customers
My mother passed away in May of this year. In 2002 she filed
My mother passed away in May of this year. In 2002 she filed a beneficiary deed naming my half-brother and I. He told me that Missouri Medicaid has filed a lein against the house and that a lawyer he … read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
Thank you for your informed response. An attorney my mother
Dear XXXXX: Thank you for your informed response. An attorney my mother and I visited yesterday was reluctant to set up an irrevocable trust because she said that she refuses to put her clients; i.e.,… read more
John Legal
John Legal
Doctoral Degree
3,418 satisfied customers
Hello,I visited with an attorney this afternoon regarding
Hello, I visited with an attorney this afternoon regarding strategy to protect my 82-year old Mother's assets if she had to go to a nursing home. The attorney basically said that gifting or an irrevoc… read more
Brent Blanchard
Brent Blanchard
Solo Practitioner
Doctoral Degree
1,964 satisfied customers
Will Missouri medicaid put a lien on house after the individual
Will Missouri medicaid put a lien on house after the individual dies to reiumburse nursing home costs. The title is a transfer on death and there are no other assets for the deceased.… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
My husband needs nursing home long term care and will have
My husband needs nursing home long term care and will have to apply for Medicaid[Indiana] Do I[spouse] have to count the small savings that I have in my name as an asset? Will the government take it f… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
When trying to assess your spenddown assets, do retirement
When trying to assess your spenddown assets, do retirement savings, i.e. IRAs for the spouse taken into consideration? Also to bring down the spenddown can you use those assets to payoff a car loan, p… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
To shield you assets for nursing home costs, legal web sites,
To shield you assets for nursing home costs, legal web sites, including lawyers.com, state that the penalty period or ineligibility period for transferred assets is the date when the person applies fo… read more
Infolawyer
Infolawyer
Attorney
Doctoral Degree
5,145 satisfied customers
I am the trustee for my mothers irrevocable trust, 6 yrs.
I am the trustee for my mother's irrevocable trust, 6 yrs. old. I was told that I need a medicaid trust to protect the money of the trust (aside from the income) from medicaid. Would I have to pay out… read more
lwpat
lwpat
Doctoral Degree
256 satisfied customers
We are trying to help plan for my mother to qualify for ...
We are trying to help plan for my mother to qualify for Medicaid. Is there a inexpensive way to set up a Life Estate for her house that would meet the same objective at a Medicaid trust? I know a simp… read more
dkennedy
dkennedy
Attorney
Juris Doctorate
27 satisfied customers

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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