I brought parents back here to NY this April. Brought my parents back because my dad was declining and now recently my dad went into nursing home applied for Medicaid. Mom is selling condo in FL for maybe 30.000 at the most. She is planning on giving the cash back 4800 that I gave them last year. Can she do this? Will this effect Medicaid my dad will be getting. I’m wondering how she can repay me back without any problem. I’m wondering if when she withdraws her money to live should she gradually give me back some over a period of time? My mom seems to think she is allowed to give it back in full after selling the condo. What should we do?
Mom might do a personal care contract with you. That too needs to be drawn up by atty. Needs to be done before Medicaid is applied for dad though as it will change their assets & income figures which Medicaid uses to determine what dads copay to the NH will be.
Really with the move & all, having them meet with a NY elder law atty would be worthwhile as each state administers their Medicaid program & probate laws uniquely.