Q: My FIL is going to an assist living in Fr.Myers, they are asking for all financials & stocks is this ok. & should move $
Should we move his money to another Acct and do we have to give stocks information.
A: It sounds like the ALF wants the financial information either to confirm that he is able to pay privately or to determine whether he will be eligible for Medicaid. Either way, you should schedule a consultation with an elder law attorney in your area to discuss Medicaid planning. The folks at the ALF do not represent you; they represent the ALF. They are often really nice, caring people, but they will not represent the patient's legal and financial interests the way an independent attorney will.
Bruce Alexander Minnick and Seril L Grossfeld agree with this answer
A: Whatever you do it should not include trying to hide money from the people who can help you father-in-law. That could be seen as a crime.
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