My father is 83 with a broken leg. He will be moving into assisted living. I’m wondering if the money in his checking account is safe?

Follow
Share

Would checking account be safe cause my name has been on the account for 10 years. By safe I mean, the assisted living/nursing home isn’t going to scoop it up. I want to be able to use it for medical help if needed.

This question has been closed for answers. Ask a New Question.
3

Answers

Show:
Yes he has income that will be able to afford it for assisted living. However if the time comes, he ends up in a nursing home he will need some sort of help. He has Medicare, social security, and a pension. If I hire medical help for him during his time in assisted living, will I be accountable or is that money as much mine?
Helpful Answer (0)
Report

Are you Dad's Power of Attorney?

I take it he's in the hospital now and will be discharged to a rehab facility?
Helpful Answer (0)
Report

Does Dad have other resources to pay for Assisted Living? The ALF will certainly expect to be paid. Whether the source of the funds is a bank account or the sale of stocks or winning a sweepstakes, they won't care.

If his checking account isn't touched, how is the ALF going to be paid?

Is Medicaid involved at all?
Helpful Answer (2)
Report

This question has been closed for answers. Ask a New Question.