Mom is back in the nursing home. She came home and fell in under 48 hrs. She must apply for Medicaid. I'm terrified of the process. Advice?

You are joint shareholders in a coop; are your other investments co-mingled?

I would contact a well-qualified eldercare attorney to do this right.

Don’t second guess any of this. See an attorney to put your mind at ease and find solutions.

What kind of rep did you talk to? If your mom needs Medicaid now then it’s too late to put her assets in a family trust—that all has to be done before the Medicaid lookback period which is 5 years. You CAN put the assets in a family trust now but medicaid will deny her eligibility and she will have to self-pay for the nursing home until the penalty period is up.

You need to not be "terrified" how does that help you or your Mother. If you are on Medicaid then you have knowledge of the processes and who to contact.

yuo need to make sure your educated. Not being educated you can end up with tax liabilities or other costs that getting educated on this would of prevented

1) Contact medicaid understand their conditions
2) Contact an Elder attorney attorney that specializes in Senior issues to insure the real estate is set up right
3)Contact an accountant to insure you set things up right to avoid taxes

Putone in front of the other and take action. you will feel soo much better once you understand the ins and outs and dynamics of all this

I would not deal with this company. They have already given you the incorrect information. As said, you can make no changes in financials within 5 years of applying for Medicaid.

I agree with Lacy. Speak with Medicaid first. Take that info and see a lawyer well versed in Medicaid.

This is where I would call an attorney. People are 'scared' of attorneys, for many reasons, but when you NEED one, bite the bullet and find a good eldercare atty.

They know the ins and outs and you don't want something weird bouncing back at you in a couple of years.

Also, if you have family members who aren't easy to deal with--you refer them to the attorney. If they care that much about whatever issue--they can shell out the $$ to figure out the problem.

You do not need "a company" right now. You need a trusts and estates attorney who understands Medicaid.

NYCaretakter52, did the rep suggest preparing the trust her/himself?    I sense a hand out looking for money to enrich him/herself.   

As others have suggested, see an elder attorney to put the whole issue in perspective, but make yourself as knowledgeable as you can be so it's easier to understand and make decisions.   If reading upon on Medicaid confuses you, do it little by little, and take relaxing breaks in-between.

And do address the joint shareholder issue that Barb raised.  

I remember our first experience with rehab with my mother fell.  We attended one of those "seminars" sponsored by the rehab center.   The woman gave a soft but firm sales pitch for trusts.  Over the years, I've learned how trusts can be a gateway for greedy reps of companies (with an affiliation with an attorney who does boilerplate trusts) more interested in exploiting worried families than in providing advice applicable to individual situations.

Please please do not try to DIY this.
like the others I’d be wary of anyone promoting a “trust” for moving assets into involving someone (you) who is already on Medicaid
Find a elder law atty. As both you & your mom will have Medicaid concerns, I’d suggest that you find a CELA level of elder law attorney.

I’ve got to ask, why are you on Medicaid? Is it because your in a special disease category? Or your SSDI & on Medicaid due to that? Whatever the case I’d tread carefully on doing anything as Medicaid eligibility is I’d be irreplaceable for you. Really find an atty to look at what your & moms options can be for how NY administers Medicaid.

I suggest getting an elder care lawyer. I was having major anxiety trying to get through the Medicaid process. Turning the process over to a professional made all the difference. My Mom was approved yesterday in 45 days from the application.