Medicaid
Mother just had a stroke and may possibly be committed to long term care. She had money earmarked for her children, much more than anyone imagined. Is there any way to protect these assets from the government besides the $2,000 that she would be able to keep in an account. Could she set up a trust or give the money to charity? She would be in the nursing home for rehab for the nextr 100 days before medicaid would kick in, and they say that any monies given away the past threee years would be subject to recall to pay for expenses. Thank you
1 Answer from Attorneys
Re: Medicaid
If you have not retained an attorney yet, please call me. I specialize in Elder Law. I can safely say that if your mothers assets are owned in such away or she has an appropriate durable power of attorney, we can save at least 50% of the assets and mosst likely 70%. There is a way that mom thru you can give $8,500 a month and when the money is gone qualify for medicaid. My phone no. 248-647-4440. Name Don Rosenberg. Credential too numerous to detail, some are: Listed in the National Academy of Elder Law Attorneys experience regisrty, quoted in Forbes magazine, Author of seminars to attorneys, memeber of Michigan Alzheimers Assoc publicy poicy committee.
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