Quote:
Originally Posted by reed067
Asheville's cost of living is high period. Valdosta isn't bad at all. While we don't want to settle there we could save money by helping her out & getting things ready for.. well.
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IMO I think I would go there rather than uproot her and you two stay in crappy jobs in a high COL area. Just my take, your call.
Quote:
Originally Posted by historyfan
A will transfers assets that remain at death. If your mother no longer owns the home at death, because it had to be sold to generate money for her care, then it will not be her asset for you to inherit. If her house is already in a trust and you inherit the trust, that is different. Consult an attorney in her state for actual facts or better yet go with her to her attorney for a consult.
Medicaid which covers lower income folks health care costs would require liquidation (including sale of her property) of her assets, before Medicaid would assist in paying for care. People do not always understand this.
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^^^THIS is our concern. And the length of the 'lookback window' time frame. I think it's five years.
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