I have 3 questions I need answered, and this was the best choice I could find regarding which board to post to. Sorry, if its the incorrect one.
Some background information first so people understand the questions. My grandfather passed away in Sept, 2008. He left an irrevocable trust, which is still being processed. He left my mother his house, which is upside down on equity. He also left an Annuity, which was split in half between my mother and uncle. They each got 122k, which was rolled into a new seperate account from each other so they could each control it. The account for my mother does not show her as direct holder, rather it states "Mother name beneficiary of Death Benefits of Grandfather". Mother and Grandfather names are of course real, but changed for this board. My mother however is on SSI, SSI Supplemental, Medicare, and Medi-Cal (California). She has the contract on the annuity, and is required to take required minimum distributions either monthly, semi annually, or annually. Now comes the questions regarding this situation.
1. My mother wants the house moved to my name, can she legally do this without causing her to lose SSI, SSI Supplemental, Medicare, and Medi-Cal (California).
2. My mother wants the money given to me, she has no need for it. In fact, she is moving in with us because her memory is fading, and her health is deterioting. She will NOT go to a nursing home, and we will not force her. Can she do this without losing her SSI, SSI Supplemental, Medicare, and Medi-Cal (California).
3. If the above cannot be done, can she do something else to prevent Medi-cal from taking it all when she goes?
This is such a weird situation I cannot find any information on it really. I keep seeing look back periods regarding nursing homes and such, however she has been a receipant of medi-cal for 7 years at least. The wording is just plain confusing me overall.