Home » Money & Legal » Financial Matters » Discussions » Mom has some assests.
wzatmath
Give a Hug
Mom has some assets, and uses interest every month to supplement. If she had to go to nursing home or such, the money would be gone in a year or less. Can she gift her trust to me now, I can stay with her for awhile and then she won't lose everything. The money is for my daughter's education. One lawyer told us no that "they" would find out. It's her money and was designed to educate my daughter. We live in Oregon. What to do?
Print
Email
Add Your Comment »
looney
Aug 17, 2010
Hi, I believe there is a 3 year look back period they would make you pay it back if money is transfered in a lesser time. They cant make your mom sell her home, car and a couple thousand in the bank. But if your mom has only liquid assets they will make her use that up before they pay for her care. If your moms estate is worth protecting you might have to bite the bullet and care for her and let me tell you it is a BIG job. Good luck to you. Many of us have some real tough decisions to make. Hope you can find the strength to do what needs to be done.
Like this (0)
Report this Post
Please stay on topic or start a new discussion.
Have a question? Just need to vent? Find answers and support from the real experts - other caregivers!
Once we had everything in place my father decided he no longer wanted to move to the assisted living facili… Answered 17 mins ago by LindaGS
Why is dad telling everyone I lied about having cancer? He should be happy they got it in surgery! Answered 38 mins ago by sebring
How do you deal with a narcissistic mother? Answered 48 mins ago by libracat
Beat Caregiver Burnout, Be Honest With Yourself and Others Comment 55 mins ago by Stephan
Help, I have a hoarding father and I want to move out of my own place. Comment 1 hr ago by jeannegibbs
More From The Community »
Sign up for our newsletter and receive practical tips and support for caregivers
Like AgingCare.com on Facebook
To use this feature, you must be a member.
Just what a caregiver needs to make life a little easier. Join AgingCare.com for FREE!
Access the Caregiver Forum
Answers and support from caregivers and elder care experts.
Receive Helpful Caregiving Information
Articles on providing care, senior health, financial and legal matters, and more.
Create Your Personal Account
Customize your experience to see what is important to you and your unique caregiving situation.
Already a Member?
Login to your account
Screen name or email address:
Password: