Sep 16, 2015 - 02:15 PM
Sep 16, 2015 - 02:28 PM
I think you are on the right track. My suggestion would be that mother pays to sister all her income less the $200 personal needs and average monthly medication expenses. I would then pay respite help and other expenses out of the 401k money. That will have to be spent if she has to go to a nursing home. So use some now and keep her with family as long as possible. A Place for Mom can assist in finding respite workers. If sister gets used up in 6 months it is not a benefit to your mother. It will be stressful for her to care for your mother is she is at a point she cannot live alone. Be sure to support and assist her.
Pay sister monthly with a check. Same amount each month.
The service she is providing will be worth far more than the $1,500 or so she is paid for room and board but it will assist your mother and extend her time with family. Also consider using the 401k to purchase preneed burial arrangments. That is allowed by Medicaid.
This answer is based on Alabama law and being prepared in case Medicaid benefits are needed later.
Sep 17, 2015 - 10:18 AM
Source: Sophia Lopez, Esq.
Sep 18, 2015 - 02:02 PM
Sep 30, 2015 - 12:33 PM