What is the name of your state? ID
DSO's mom was recently put into a nursing home due to dementia. This happened suddenly so there was no time to do a POA or to try and save any of her assets. It is going to be about 2 - 3 years before she has to apply for Medicaid but I don't want DSO (who is getting guardianship) to mess up by spending money where he shouldn't and then Medicaid telling us she doesn't qualify for X number of months. Right now he is paying for the nursing home, getting an irrevocable prepaid funeral trust, and paying for the utilities on the home until it can be sold. This could be a while since the market in the area that she lives is depressed and houses are not selling fast at all. We are going to buy her car for fair market value.
Any advice or experiences anyone has had in this area will be appreciated.
DSO's mom was recently put into a nursing home due to dementia. This happened suddenly so there was no time to do a POA or to try and save any of her assets. It is going to be about 2 - 3 years before she has to apply for Medicaid but I don't want DSO (who is getting guardianship) to mess up by spending money where he shouldn't and then Medicaid telling us she doesn't qualify for X number of months. Right now he is paying for the nursing home, getting an irrevocable prepaid funeral trust, and paying for the utilities on the home until it can be sold. This could be a while since the market in the area that she lives is depressed and houses are not selling fast at all. We are going to buy her car for fair market value.
Any advice or experiences anyone has had in this area will be appreciated.