What is the name of your state (only U.S. law)? MN
My Grandmother, age 82, was living in an assisted living facility, but now will be confined to a nursing home.
The monthly cost of nursing home care is ~$6,000 per month.
She has $50,000 in cash assests remaining and would like to disburse $36,000 to her grandchildren. The remaining she would use for the $3k asset cap and burial trust.
How can she disburse the $36k without recieving eligibility penalties from Medical Assistance?
Thank you.
My Grandmother, age 82, was living in an assisted living facility, but now will be confined to a nursing home.
The monthly cost of nursing home care is ~$6,000 per month.
She has $50,000 in cash assests remaining and would like to disburse $36,000 to her grandchildren. The remaining she would use for the $3k asset cap and burial trust.
How can she disburse the $36k without recieving eligibility penalties from Medical Assistance?
Thank you.