The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Amateur legal opinions requested||Date: 6/24/2012 3:47 PM|
|Author: TMFPMarti||Number: 116336 of 122850|
The issue now is the "look back" period for Medicaid, given that this all happened so recently, and he will be out of money (best case) in 18 months or (worst) in a year. Then what?
Beats me. Maybe they'll prosecute FIL for Medicaid fraud and send him up for three hots and a cot. My father's ace in the hole for when he ran out of money was to set a mailbox on fire, then wait to get arrested.
My best advice would be to hope for the best and expect the worst so that any surprises are pleasant. In my case the worst would be that the family would suddenly be staring at me expecting me to house him or support him. You and Mrs. Goofy must define your own worst and be ready with your response.
Rule Your Retirement Home Fool
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|