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My mother may need to go into a nursing home soon. With Power of Attorney, can she transfer any of her assets to me just in case?

Asked by pdallen | Jul 21, 2010

She is 91-years-old and I am her son.

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Carol Bradley Bursack, Sep 24, 2010

Over the span of two decades author, columnist and speaker Carol Bradley Bursack cared for a neighbor and six elderly family members. Because of this experience, Bradley Bursack created a portable support group, the book “Minding Our Elders: Caregivers Share Their Personal Stories.” Her sites, www.mindingourelders.com and www.mindingoureldersblogs

There is a five year "look back" for Medicaid, the program that pays for people unable to pay for their own care. She can't transfer her assets to you now and expect to go on Medicaid. She can give them to you, but (or you) will have to pay for up to five years or until her money runs out. You should see an estate or elder law attorney if you are considering any asset changes.
Carol

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outrigger

Give a Hug

Sep 30, 2010

A parent can transfer assets to a child (regardless of the child's age) is if the child is receiving Social Security Disability.

I also highly recommend seeing an elder care attorney.

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