I am on a joint bank account with my Dad who will be applying for Medicaid in a couple of years. He has been in a NH for 5 years. Can I pay myself a small salary for handling his financial affairs or will that count as a tranfer for the look back period. One caseworker I talked to actually told me that I could spend the money on myself since its my account too as long as the item was for me personally and I had a receipt. Can this be correct? I'm in Texas.
I make him take her to her doctors I take groceries and because she has nothin I called social services and they do nothin home so my feelings are he's taking her money and she's getting nothin he has a check he has a check bo he is convinced by not to give her any money when I take he is convinced bank if not give her any money when I take her and if she needs groceries
it is so frustratin so we do without sim my mom has her mad and her food and whatever she needs
The trust provides for payments as I see fit. It also allows 5% of the estate per year. I could put her in a NH and she would NOT get the care she now gets. We don't drug her so she sleeps all the time. We do hear about old times and over and over but at least she is participating.
Don't go out and buy a new Caddy and say it is to take mom to the doctor once every 6 months. That's a bit extreme, don't you think. But do get paid for actual expenses and make them less than what a NH would cost. I don't feel guilty. I feel blessed. Blessed to have mom with us. No two situations are the same. "My situation is different" is always true.
It's time to cut the apron strings...
My parents chose to have me.. They also wanted me to grow up and support myself not them! How do I support myself when I am caring for my Mom 24/7..
You better be saving for your Elder years because you'll need the money for a nursing home..
I don't know if you have children but do you really expect them to give up their career and own family to financially support you?
I would never expect my children to financially support me it's humiliating and demoralizing...Have some respect...
Life's not about what you get when their dead.. It's about what you give while they're still alive...
If he needs to Qualify for Medicaid in the next 5 years, you will give it back.
I started gifting in 2009 and put it all in an account that I could't spend so if the five year lookback ever kicked in I could put it back.
As far as paying yourself for handing expenses......really?
If he was living with you that's one thing, but in a NH and all you do is review expenses and write some checks? shake it off.