My father is eighty and has for the past year been in an assisted living facility on Medicaid. My mother is selling the house, which she transferred into her name, and wants to move into the retirement side of the facility. Medicaid told her she has to put the proceeds of the house sale into an irrevocable trust with her as sole beneficiary. Why does she need a trust?
Asked on 7/29/11, 10:10 am
1 Answer from Attorneys
Bonnie Popia
Proctor & Popia, LLC
She does not need a trust but it might be a good idea.
She should contact an attorney to discuss her options.
It could save her a substantial sum of money in the long run.
Answered on 7/29/11, 10:29 am
Related Questions & Answers
-
I fought, and beat a scammer who had gotten my grandfather to sign a durable power... Asked 3/05/10, 5:57 am in United States Oregon Elder Law
-
My father is in a care facility, and though I have no role in his care, the facility... Asked 1/12/10, 11:25 am in United States Oregon Elder Law
-
Revocation of POA/Reassignment Is there any way to stop someone who may be commiting... Asked 11/12/08, 1:06 pm in United States Oregon Elder Law
-
Poa My brother is POA for our 89 year old mom. He refuses to let me have copies of... Asked 11/06/08, 4:04 pm in United States Oregon Elder Law
-
Guardianship of elderly father I am guardian of my father who is in an Alzheimers... Asked 11/03/08, 12:20 pm in United States Oregon Elder Law