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Personal Finance and Investing

walkingman

(8,815 posts)

9. Good info - we have personal experience with the home bound assistance type. In Texas, even for that

Reply to IbogaProject (Reply #8)

Sat Jan 11, 2025, 03:13 PM

Jan 11

they require you to show all of your assets periodically to qualify. My 93 yo MIL just barely qualified and we had to make sure her checking account never got above about 2K. She only had SS and that just barely under the limit. But I have to say it allowed her to live independently until she passed away. A great program.

Texas is one of those states that refused to expand Medicaid, so I don't know if that would have made things any different?

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Tax question - My life partner and I are not married. We live in a 2 family home that she owns. 2nd floor is occupied by [View all] 3Hotdogs Jan 11 OP

Find a good attorney before you do ANYTHING. Joinfortmill Jan 11 #1

You should probably talk to an accountant or other professional about this. Ocelot II Jan 11 #2

Ask a qualified tax professional euphorb Jan 11 #3

This would require an attorney to establish. Of course, we would ask those questions. 3Hotdogs Jan 11 #4

Good on you to be planning ahead for your next chapter in life. Deuxcents Jan 11 #5

Also, fully inform yourselves of potential Medicaid (not Medicare) marybourg Jan 11 #6

We are both on Medicare. 3Hotdogs Jan 11 #7

There are three types of Medicaid IbogaProject Jan 11 #8

Good info - we have personal experience with the home bound assistance type. In Texas, even for that walkingman Jan 11 #9

She has a home care policy for three years. 3Hotdogs Jan 11 #10

Get an Eldercare workup no matter how prepared you think you are IbogaProject Jan 11 #11

I know the value of an elder law attorney. When my mom was going south, we paid 2,500 for documents. 3Hotdogs Jan 11 #12