It appears you have not yet Signed Up with our community. To Sign Up for free, please click here....



Alzheimer's Disease & Dementia Message Board
Post New Thread   Closed Thread
LinkBack Thread Tools
Old 10-30-2006, 06:52 PM   #1
Junior Member
(female)
 
Join Date: Oct 2005
Posts: 38
Gwenny2 HB User
Can Nursing Home Take All Dad's Assets?

Dad will probably be entering a nursing home on a long-term basis. Found out the the other day that the marital assets must be divided as well as dad's monthly social security check and that is what is paid to nursing home or Medicaid, not sure how that works. Is there any way out of this. I know that some people don't have squat to their names and could still get into nursing home with other government assistance, while others who work all their lives now have to give up their money to nursing home care.

The children will of course not get as much in inheritance as originally thought if dad's share of marital assets go to his nursing home care. I think he should try to get home care but I know he is incontinent and mom just can't take care of him. Of course in-home help is an option, but then again, they would have to have someone every day to help dad with his bathroom needs, grooming, etc.

Can mom cash in some of their CDs so they don't have to report all that money,or would that be part of look-back period.

 
Sponsors Lightbulb
   
Old 10-31-2006, 05:35 AM   #2
Senior Veteran
(female)
 
Martha H's Avatar
 
Join Date: Dec 2004
Location: Middlebury, IN
Posts: 4,695
Martha H HB UserMartha H HB UserMartha H HB UserMartha H HB UserMartha H HB UserMartha H HB UserMartha H HB UserMartha H HB UserMartha H HB UserMartha H HB UserMartha H HB User
Re: Can Nursing Home Take All Dad's Assets?

Only an elder lawyer can give you the correct legal advice.

Let me just say that although my Mom was not well off, she had worked incredibly hard all her life, and for her, her savings of around $50 000 were going to be a huge gift to her children. Didn't happen. The NH got it all.

For me it was the right and only answer. I could not have taken care of her at home any longer, not for any amount of money.

In your case, around the clock home health aides (yes, they do change diapers) could be cheaper than NH care. There might be a lot of money left if you use that path. Good luck.



Martha

Last edited by Martha H; 10-31-2006 at 05:42 AM.

 
Sponsors Lightbulb
   
Old 10-31-2006, 10:29 AM   #3
Member
(female)
 
Join Date: Aug 2006
Location: Bloomington,Mn. USA
Posts: 75
mamaduck4 HB User
Re: Can Nursing Home Take All Dad's Assets?

Yes, nursing homes do take the money. The way I look at it, that is what my mom's money is for.....her care. It is always nice to have something left for your kids but in reality we all have to save for our care in case of illness. It doesn't seem right I know 'cause we all like to get something when our parents pass because that is what they really wanted to happen. Sometimes life isn't always kind. When you work all your life and then have to pay for all your care, then watch so many people that have had a free ride for most of their life get well taken care of without paying, it sort of stings doesn't it!

At least I will sleep better knowing I never took advantage like so many have.
I want to make it clear however, that some people have no choice and I am not talking about them. I would not begrudge them the best care they can get.

Jan

 
Old 10-31-2006, 02:41 PM   #4
cyt cyt is offline
Senior Member
(female)
 
Join Date: Aug 2005
Posts: 254
cyt HB User
Re: Can Nursing Home Take All Dad's Assets?

Is your Dad a Veteran? If so, he may quality, like my Dad did, for long-term care. This care only cost my Mom and Dad around $150.00 per month, and everything, including tests and meds, was covered. It was a God send to them. I wish you well. C

 
Old 11-06-2006, 04:37 AM   #5
Inactive
(female)
 
Join Date: Nov 2006
Posts: 44
Happy Girl HB User
Re: Can Nursing Home Take All Dad's Assets?

Jan, I LOVE your outlook on long-term care...
"The way I look at it, that is what my mom's money is for.....her care. It is always nice to have something left for your kids but in reality we all have to save for our care in case of illness."
I *KNOW* that most all children want what is left of Mom/Dad's estate, but the bottom line is, what is more important...Mom/Dad's care or what's left for me?
My understanding is that nursing homes don't "Take" assests, the family/sponsor has the option to spend down, in order to pay the bill. Medicaid will then step in (after the resident has completed an application) once the money has been "spendt" down.
It is too bad that all nursing home care isn't free...just doesn't work that way. As with childcare, it costs families dearly to care for our loved ones.
Jackie

 
Closed Thread

Similar Threads
Thread Thread Starter Board Replies Last Post
Nursing Home Help please - applying now. Beginning Alzheimer's Disease & Dementia 21 10-20-2009 12:03 PM
Mother Dementia Questions (Meds, Doctors, Home vs. Nursing) pricha2 Alzheimer's Disease & Dementia 7 06-27-2009 05:57 AM
Hospital to Nursing Home gjg Alzheimer's Disease & Dementia 8 11-07-2008 04:20 AM
Nursing Home vs Home Care joseph13 Alzheimer's Disease & Dementia 25 09-16-2008 10:31 PM
Guilt - Nursing Home gjg Alzheimer's Disease & Dementia 10 08-18-2008 11:04 AM




Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off




Sign Up Today!

Ask our community of thousands of members your health questions, and learn from others experiences. Join the conversation!

I want my free account

All times are GMT -7. The time now is 03:29 AM.



Site owned and operated by HealthBoards.comô
Terms of Use © 1998-2014 HealthBoards.comô All rights reserved.
Do not copy or redistribute in any form!