E
eckertg
Guest
KY - My mother has been in an assisted living home for Alzheimers patients. It is very expensive (perhaps $4500/mo) and she will probably have to go on medicaid at some point. She has some money left in the bank and receives a modest Social Security check. We hope this will keep her in the home for the rest of this year. She has a house that is possibly worth $120,000 or more and it is currently vacant. We are not sure if we should sell it though. My father passed away in the early 90s and left a businees, which is currently being run by his business partner. I have been trying to negotiate a settlement with respect to the business, but have not been successful. The partner is trying to cheat my mother out of her fair share, and the matter will most likely have to be litigated. He has offered to buy our interest for roughly $80,000.00 and I estimate our interest to be at least worth $225,000.00.
Many of these issues seem like they may be coupled, and I would like to consult with someone who could advise the family on how to manage her estate. For example, if I choose to sue my father's business partner, how would this effect our ability to apply for medicaid should we need to. What would happed once the matter were settled?
Many of these issues seem like they may be coupled, and I would like to consult with someone who could advise the family on how to manage her estate. For example, if I choose to sue my father's business partner, how would this effect our ability to apply for medicaid should we need to. What would happed once the matter were settled?