Re posts 27/28, you may think that you now “know that” but it’s not true. See post 34. “bitt” is ill-informed. “I read” something, when the difference between Medicare and Medicaid is confused or not understood is meaningless.
Your comment about your daughter is interesting because she apparently has significant investment income. Your advice to her to “make sure” was well advised.
She may not have actually done so — Medicaid AND food stamp programs in most states have very stringent asset limits, particularly on investments other than a homestead.
Obviously, if someone has 25 or 50 or 100K in non-homestead investments, they obviously don’t need Medicaid or food stamps nor do they generally qualify for them.
If she has investment assets in excess of any applicable limits for either program, she might be faced with demands for repayment in the future. Not a good thing.
You might want to warn her to “make sure” again. If assets weren’t mentioned on any form signed under oath, it opens up the possibility of criminal prosecution if some prosecutor is out to make a name for themselves. A much worse thing than a mere demand for repayment.
They would have to prove intent to defraud but the adversary has the advantage. And I told her if she dies, Medicaid will take her house. She said she didn't care, she'll be dead, it wasn't worth much anyway.
Thanks for the head's up. I'll warn her again. Often you should get more than one or two opinions and from the right sources. Have it in writing or, short of that, certified copies of the applicable statutes in force for the entire applicable period. She does have a good investment broker; I'll make sure she's run it all by him. Think she did but think isn't good enough.
And then he advised her to get a lawyer to make a will which she did. I'll ask if she ran it all by him.
Even lawyers don't have all the answers, and they miss things. You have to stay on top of things yourself. Ask me how I know. Because my daughters fought a bitter lawsuit, and I was the lawyer contact. I told her some key information, she missed it. So I told her again some months later. It was phone records, certain ones. So I get the phone records burned on a cd. Then it was placing one daughter at a certain time and place to prove she didn't do something.
So I'm talking to the contracted lawyer, and we got proof she had an appt at 9:00 AM on a certain date. But you need proof you kept the appointment. So she got that. It blew everything up but the other side still kept making false allegations.
There wasn't any money in it for me. And it's not that I'm so smart and could have missed something. I have missed things. That's how I learned to question every single thing and stay on top of everything. We are talking about lawyers with excellent reputations and track records here.
Nobody cares about your business more than you do. Or should.