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To: TurboZamboni

Yes but you have to do it 5 years ahead of time.


80 posted on 12/16/2013 8:27:20 AM PST by AppyPappy (Obama: What did I not know and when did I not know it?)
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To: AppyPappy
Yes but you have to do it 5 years ahead of time.

It depends. The attorney who helped us with my mother assures us that by putting all her assets in a revoccable trust and keeping only $2000 available to her, her estate is protected and also protected from probate. As her retirement funds are paid into that $2000 bank acount, I move the excess into her Trust, from which I pay all her bills and supply all her needs. I am assured by the attorney that (in CA) she is still eligible for MediCal, should she further decline and need skilled nursing care. She is currently in Assisted Living (private care) which I pay for out of her Trust. He said that MediCal would be available to her immediately after setting up the Trust 1 1/2 years ago, should we need it. We haven't. She turned 100 in August. They have raised her rent, however, because she now needs more care than when she entered the facility.

124 posted on 12/16/2013 9:28:00 AM PST by afraidfortherepublic
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