My husband has power of attorney and guardianship of my father who is in a nursing home. He pays the nursing home from the social security, medicare and veteran's benefits he receives. We had to liquidate his assets down to $4,000 which we were allowed to keep as a maximum balance in his checking account. Pretty much the SSN, Veteran's benefits etc. checks hit the account and then are paid to the nursing home. The $4,000 remains in the account as the balance we are able to have in it per law. When he dies, what happens to the $4,000? Does Medicare or some other agency claim it or does it go the heir, which is me?
Just curious so we don't misstep and get into trouble.