Today I’m going to answer the question, “Can my parent qualify for Florida Nursing Home Medicaid if he or she has joint assets?”
In order to answer this question and the concerns that can happen here, we have to address three important questions about the joint account:
- Who is the joint account owner?
- Who is the original source of the money of the joint account?
- What was purchased out of that joint account during its history?
To watch this video from my youtube channel, click here.
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When is the appropriate time to seek legal advice for your parent if he/she is going to assisted living in Florida?
You may be thinking, “Why the heck should an attorney be involved?” Attorneys should be involved in the elder care process because of the high cost of providing elder care. High costs…
- Could place the burden on children to pay for care.
- Could cause the elderly family member to run out of money and be forced to move into a care situation that he or she does not want to be in.
- Raises issues with family members who are thinking “inheritance” and not “I want the best care for my parents.”
- Raises issues with non-involved family members who “don’t get it.”
This article explains the triggers that would involve the help from an elder care law attorney.
You can also watch the video from my youtube channel, here.
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