After a year of planning, where we had the help of a social worker, Elder Care lawyer and CPA, we thought we filed the Medicaid application properly. We have just discovered an IRA belonging to the ill person that no one knew about. ARGHHHH!
What do we need here to make sure more stuff isn't going to pop up? Is there an agency like a credit report agency that lists assets? How about life insurance policies and annuities? How do you find those if the person can't remember?
We went through all the papers in the house and never saw anything about this account. Lawyers filing probate must do this somehow...find all the assets. There must be a way to do it.
Note to self: List all your assets and policies somewhere so if you get hit on the head and have memory loss, you can find your money.