Q: My mother's assests after former partner death. I'm my mother POA and run her finances while she's in the nursing
So my mother is in a nursing home and on Medicaid. The nursing home itself revives her social security check, and I was delivering her retirement from Chrysler. She receives this because her ex husband work there and they were married 40+ years. He recently passed away and her payments from Chrysler have ended but she is to recover a lump sum. Now my siblings are asking if that money can be gifted or reserved for her final expensives. This would help a lot, but have no idea how realistic this is or how much she'll receive yet
A: That is actually a really good idea. As soon as the lump sum is received you can use it to purchase a prepaid funeral plan. But you should check with an Indiana elder law attorney as to whether there is any limit on how much can be deployed in that fashion and still be considered a noncountable asset. If you will have funds left over there are other strategies that can be used to spend the funds and still maintain Medicaid eligibility. You should discuss all of this with an elder law attorney.
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