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were waiting for our sons Medicare waiver he’s finally pre approved how do we leave some monies to our daughter for him without losing his benefits

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I have a disabled nephew with physical and neurological problems. Thank God he can live on his own.

Medicaid waver is what I think you mean. This is going to be hard for your daughter. Dementia is a desease that worsens over time. Then throw Downs into the mix. I had a family up the street from me, their daughter had Downs and was my age. She started showing signs of Dementia around 60. She got violent at times. IMO, I think it would be better to place your daughter into a nice LTC facility with Medicaid paying.

My nephew has a Special Needs Trust where his deceased Moms insurance money went into. This was set up by a lawyer versed in Social Security law. This money cannot be used for food or lodging because these can be subsidized by the Government. Its weird what it can be used for and not. If you set up a trust, I would think Medicaid would have to approve it. I would see an Elder Lawyer to help you.
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See a Trust attorney. This is easily done by them, and often. Good luck.
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MACinCT 1 hour ago
Just to add... trusts costs around 8k to set up but they do save$$$ in the long run. If you can trust the future caregiver since your son will need Medicaid, another option is to leave all of your assets or half of your assets to this person in your will. Any inheritance to your son will need to be spent down with a re application to Medicaid.
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There are a few that will respond with very good answers but I would suggest that you consult with an Elder Care Attorney for some advice.
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