B
Bobbyd1586 Asked June 2015
Can my grandfather spend his money down on needed home repairs without fear of Medicaid considering it a spend down as gifts?
Follow
Share
My grandfather put his home into my parents name 20 years ago, but still pays for maintenance, home upkeep, etc. on the home. to my parents, thus extending the period in which he must wait for Medicaid benefits?
This question has been closed for answers. Ask a New Question.
1 Answer
Guestshopadmin Jun 2015
If the home does not belong to your grandfather, but he is paying for this asset that belongs to someone else (your parents), Medicaid will treat this money spent as gifts/transfers of assets. They would be better off setting up a caregiver agreement for services that they use to pay for such things. Please consult an elder law attorney familiar with Medicaid in your state - it will save you grief later.
Helpful Answer (0)
Report
This question has been closed for answers. Ask a New Question.
Popular Questions
Related Questions
- If an appeal over penalties changes nothing, will NH throw my Dad out or where would he go?
- I'm told through social worker for Mom to be put on Medicaid and to place her in a home of where Kaiser Insurance can pay for some things. Any advice?
- Will my Medicare part B and D pay for life alert or similar device for me?
- When I enrolled in Medicare A 3 months before I turned 65 (3/5/15), I declined part B. Any advice?
Ask a Question