Follow
Share

Will my parents assist be protected if my dad goes in the VA? All the assets have been transferred into mine and my brothers names for the last 2 1/2 years

Find Care & Housing
I don't even know what you mean by saying assets have been transferred into your name. Doesn't that count as income? Have you paid taxes on it? I'm afraid you may have accidentally got into deep waters here, and I strongly suggest you start consulting an elder-law attorney.
(0)
Report

I have no idea how a VA home works financially. If you can get Medicaid? Don't think they are free. I do know, they are not easy to get into. Men with service related injuries are first. I would think your years of service plays a part and maybe your rank.

Medicaid in most States has a 5 year look back. If you try to get him Medicaid now, he will be penalized. Meaning you private pay for his care or you fo the caring. Your parents assets could have been split, keeping her share of assets safe.

"Veterans may also be eligible for VA benefits to help pay for nursing home care, depending on their income and service-connected disability. If a veteran doesn't meet the eligibility requirements, they may need to use their own resources to pay for nursing home care. This could include using Medicare benefits or applying for Medicaid assistance."

As you can see, the VA home is not a free ride.
(0)
Report

First, I’ll say a friend has had a great experience at a VA nursing home for her husband. His care has been very good. Next, your parent’s assets are for their care, not your comfort or even needs. If they apply for Medicaid the transfer will be discovered and will affect their eligibility. The taxpayers do not deserve to pay for their care until their financial resources have been exhausted, and that doesn’t include you benefiting from them
(0)
Report

What you have done is stealing assets.
That is elder abuse.
I can't know any details here (and shouldn't) but I would advice you and brother to see an attorney and explain fully what has happened here.
(1)
Report

Start a Discussion
Subscribe to
Our Newsletter