My father has money put away and he cannot get Medicaid because of it. But it is not enough to cover his long-term care. Can he gift me the money so he can qualify for the help he needs and I can help cover the rest of the cost with the money he gives me?
You need to be very careful. Medicaid has a look-back period. If your father applies for benefits and they can trace asset transfers prior to that, the government will eventually come after the money. Speak with an elder law lawyer or estate planning lawyer. They could have some options for you.
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The situation is a bit more complicated than your post suggests. Consider using the Find a Lawyer function on the website of the National Academy of Elder Law Attorneys (www.naela.org) to find a local elder lawyer to advise your father.
Information provided here cannot substitute for a personal consultation with an attorney. This is not intended to be legal advise or to imply an attorney-client relationship. This attorney is not responsible for your reliance on it without specific, actual and independent written authority.
Generally, gifting assets within five years of filing for Medicaid will result in ineligiblity and potentially no way to pay for care. I suggest you contact an elder law attorney in your state for more specific guidance on your situation. It is better to meet with them while dad still has money, not when he's officially out.
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