Jump to content

where to camp


packnrat

Recommended Posts

58 minutes ago, Barbaraok said:

My grandfather put everything in my mom’s name when his colon cancer returned in 1959.  He came to live with us for a year and then into a nursing home for the last 6 months.  My father put everything in mom’s name about a year before he died while they were RVing in the California desert, and mom has done the same with my sister and I when she moved in with my sister 6 years ago.  Even though there’s a will, it makes things go faster. 

I'm pretty sure the timeline for transferring assets to qualify for Medicaid is longer than one year. Yes, transferring assets helps with processing an estate but Medicaid has specific requirements if you think the need may be there. If it's simply ease of transferring an estate you want, Dave's father made his accounts joint with his daughter so those were not considered part of his estate for inheritance purposes. Our own retirement fund accounts are not part of our estates, either, since they have beneficiaries instead but I think they would be considered assets by Medicaid. I am not qualified to give legal advice concerning these things, I am just reporting what we and our families have done, so you do need to find out what applies to your exact circumstances.

Linda

Blog: http://sandcastle.sandsys.org/

Former Rigs: Liesure Travel van, Winnebago View 24H, Winnebago Journey 34Y, Sportsmobile Sprinter conversion van

Link to comment
Share on other sites

Yes, but that was never a reason for transferring then.  When grandpa died there was no Medicare/Medicaid, and dad died in 1995.  I think it is something more families should talk about, though there are many people who would feel threatened by lost of control.  It’s like the almost 80 yr old snowbirdswe meet saying they need to head north because the kids can’t get the planting straight, and you know the ‘kids’ are in their late 50s!  😄

Barb & Dave O'Keeffe
2002 Alpine 36 MDDS (Figment II), 2018 Ford C-Max HYBRID
Blog: http://www.barbanddave.net
SPK# 90761 FMCA #F337834

Link to comment
Share on other sites

no "estate" to worry about here. both mom and i are broke.

she has nothing of any real value. a ten year old ford focus has no resale value. guess i could run it till it dies, then just leave on the side of the rd. (kept in her name after she dies), as that way the tow company, dmv, state, etc goes after her not me. till then dmv, and insurance company's just happy the checks get there in time, and do not bounce.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
RVers Online University

campgroundviews.com

RV Destinations

Find out more or sign up for Escapees RV'ers Bootcamp.

Advertise your product or service here.

The Rvers- Now Streaming

RVTravel.com Logo



×
×
  • Create New...