My mom is 90 years old and in fair health. She lives alone in an independent living community. She can no longer drive or go shopping. I am her only child and have taken over most of her care. My question is when I do her shopping how is the best way of paying for her groceries, clothing, etc. My name is on her bank accounts and I have a POA. I don't want to get in trouble or have it look as though I am spending her money. Also she would like to give some money to her grandchildren while she is still alive and let them enjoy it?
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As for your mother giving money to her grandchildren, does your mother have enough in savings to get her through the next 5 to 10 years? If for some reason she needed a nursing home later down the line, could she afford to pay out of her own pocket? If yes, I think it is a wonderful idea to give money to the grandchildren now so she can see them enjoy it :)
If she can't afford to pay out of pocket for a nursing home, then Medicaid would be needed. Medicaid would look back 5 years to see how she spent her money... money gifts to you and/or the grandchildren would be noted and counted against her care.
I suggest you speak with an Elder Law attorney to see what is the best way of handling the gifts to the grandchildren.