Caregiving the New "Normal" for Boomers

[newenglandgirl]

Originally Posted by brightdoglover

If the demented person's assets are used up in care (assisted living or nursing home) then they would qualify for Medicaid. The assets cannot have been transferred to an adult child or anything within the past five years before applying.

BDL, it seems I read not to long ago that they changed the "look back" period on transferring assets to seven years?

[newenglandgirl]

Originally Posted by Curmudgeon

No argument with any of you regarding the prima facie aspects of this and have so informed my involved daughter. However, I won't go beyond that. It's no longer my place.

Yes, for your kids' sake they need to know everything they can so that they are not financially liable in any way. That could be an impossible and frightening burden for them.

[Curmudgeon]

Originally Posted by newenglandgirl

Yes, for your kids' sake they need to know everything they can so that they are not financially liable in any way. That could be an impossible and frightening burden for them.

Thankfully, my daughter who is "handling" her mother's affairs and is the rep-payee for all her financial matters as well as being her guardian is a very astute business woman with an excellent head on her shoulders. She's very well read-in on all the matters and legalities attendant to all of this. I simply, and very occasionally, make mention of the laws and nine times out of ten she's aware of them and doing the right thing.

This is the daughter who was most severely alienated from me by her mother over the course of a dozen years after her mother and I separated and divorced so she still harbors some suspicions about me and is very wary. In the main, however, I think she's come to realize that I only want the best for her and her mother as well - a woman I don't care for but care about as she's my childrens' mother and I've known her since I was six years old.

It all takes infinite patience and I don't push!