A good friend's father is in a care facility. When they sold his home recently they had to consult a tax attorney to protect his portion of the money. When a person is on Medicare any assets they have can be pulled to pay for that care instead of Medicare taking care of it.
Luckily he was savvy enough to have the house put into his name and his three daughters' names before he went into care. Only a fourth of the money made on the sale of the house is actually his that way.
In the last months of my father's life his care ate up his savings because they go for that before having Medicare pay.
It's a screwed up system...welcome to 'Merica.
Luckily he was savvy enough to have the house put into his name and his three daughters' names before he went into care. Only a fourth of the money made on the sale of the house is actually his that way.
In the last months of my father's life his care ate up his savings because they go for that before having Medicare pay.
It's a screwed up system...welcome to 'Merica.
![[Image: MmQV79M.png]](https://i.imgur.com/MmQV79M.png)
