My aunt is moving into a memory care
facility this month. If you want my back story my post “tired and sad niece” explains it. Best case scenario my Aunt has enough money for 3 years here. I am talking worse case scenario, if her funds hit zero in 3 years and medicaid denies her or issues a look back penalty, what will happen to her if I can’t take her back? Will they literally put her on the streets?
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Again, I suggest an attorney to get all your questions answered. You cannot afford to miss anything here. You cannot afford to do it wrong. And this is something that is paid for out of your Aunt's assets by you, and added to your record keeping.
Given your other posts, I would say that if the MC will not accept Medicaid at that time, your best best will be step away and allow the state to place her in a Nursing Home.
Thanks so much for the update; I'm so glad you are able to move forward.
Are you POA?
What makes you suspicious that Aunt, whose money is being managed by you, would not be able to qualify for medicaid.
If you are concerned I would see an Elder Law Attorney to have these questions answered.
Do know that none of the things you mentioned in your last posts would preclude Aunt from getting medicaid. These are normal expenditures. What the State and Federal Gov. are looking for in expenditures are things like "gifting", for instance giving YOU money in the thousands, putting her grandson through college, and etc.
Who is currently handling Aunt's finances?
If you are POA you TRULY need to see an attorney. You need a lot of help with information about how all this works. Your Aunts funds, if you are POA, pay for this. If SOMEONE else is POA, there is nothing for you to worry about.