My mom has been living in a nursing home for the last 5 months.
She’s had Medicaid for 35 yrs & when she was admitted to the skilled nursing part there was also another application to Medicaid to cover her long term care to stay there.
Currently she (I’m her poa) has been paying the NH the monthly “rent” (they get mom’s SocSec & SSI) - $30 she gets to keep as spending money.
My mom still has her home which has a reverse mortgage on it.
The year isn’t up where they require notification that she won’t be returning so legally she is still able to access the money from her RM.
The question is my mom has already been thru the 5 yr lookback w/Medicaid (RM was taken out in 1997) and her house was put in trust to me then as well).
My mom wants to take out the remaining $40,000 she has from her RM & give it to me so I can buy a home to live in.
The rules have always been when my mom would request funds, the RM back would call her to verify it was her as a method of security.
This time my mom will have to speak w/them at the nursing home since she’s not living at home & has her house phone turned off.
She’s afraid if she tells them she won’t be returning home, they will cancel her loan & she won’t be able to get the funds.
There is the possibility that some of that money will be used to bring my mom back to her home (to die w/hospice coming) because she doesn’t want to die in the NH, but that will cost $ out of pocket so she would use the RM money to pay for that.
We’re advised NOT to tell the RM bank about this & just say that she IS coming home so there won’t be any issues with them giving my mom her money.
Is this doable??