Should I redeposit my mothers funds back into her account in order to pay for a prepaid funeral? - AgingCare.com

Should I redeposit my mothers funds back into her account in order to pay for a prepaid funeral?

Follow
Share

Should I redposit the $12,000 my mother gave me back into her account in orde to pay for her prepaid funeral. Or make a check from my acount I am spending down for the purpose to qualify for medicaid for mom. Does it make a difference from which account I pay the funeral home.Is it necessary to transfer the mony back into her account befor making out the check? thankyou Marc

This question has been closed for answers. Ask a New Question.
2

Answers

Show:
Is she on Medicaid? If she is, then you should talk with them about how to set up a pre-paid funeral. If she is not already on Medicaid, talk to and elder law attorney or estate attorney, who knows Medicaid laws. Unless those funds were taken out of her account over five years ago, if she is not on Medicaid not, you could run into trouble. You really should talk to an attorney for guidance.
Carol
Helpful Answer (0)
Report

You might want to do whatever makes things simple to prove there has been no "gifting" going on, though theoreticaly if the whole thing is trackable it shoudl be OK. I was told I could take reimbursements from my mom's money, but to make sure I could document that the expenses were strictly for her.
Helpful Answer (0)
Report

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