Ready to sell mother’s home. She has lifetime rights. Three children have deed of gift. Mother is in long term care private pay for about another year. Can I pay via credit card and when house is sold in the next couple months use her income from that (+%50 probable close to $50,000) to pay the nursing home credit card charge?
I got a cash back credit card to pay Mom's nursing home bill when her first place starting accepting cards. I accrued about $500 cash back in just a couple of months, then moved her to a new place that doesn't take credit cards. :-(
Not sure if a credit card is the way to go. If the homes are the only assets Mom has, maybe go for Medicaid and when u sell the house, Medicaid will stop and the proceeds of the house will go towards her care.
We are selling one of the homes soon and my question was can I pay her NH account with her credit card for a month then use income from home to pay card. I am making nothing. This is all her monies.
There was a post where the man used his credit card to pay for a parents care and then reimbursed himself from the parents acct. He was asking if we thought it would cause a problem? I think it was felt there was no problem. He was getting points. Is this what ur trying to do?