kick in sooner and her life savings can be spared for her kids? this is in the state of Missouri. thanks for your help.
2007-03-25 10:39:53 · 5 answers · asked by dsn232@sbcglobal.net 1 in Family & Relationships ➔ Other - Family & Relationships
Sure several, but it would do no good since then you would be in jail. If any transfers have been made for 2 years prior to government assistance, it's considered fraud. why should my tax dollars pay for someone that gave up all they had to you so you can enjoy it? It's just not the way it works.
2007-03-25 11:19:40 · answer #1 · answered by dana j 4 · 0⤊ 0⤋
I would definitely say that you need to speak with an attorney. Most anything to with a person's estate you would need an attorney for. However, I would suggest what is called an "Irrevocable Trust Agreement". An irrevocable trust agreement is when a trust is set up for an individual (many times someone who is in a nursing home), wherein the assets are transferred to the Trust and cannot be withdrawn from the Trust...essentially. There are provisions in the Trust which an attorney would word so that they are specific to your loved one's situation. There would also be provisions in the Trust Agreement which would assign a Trustee for the trust (which could be your loved one if they are of sound mind) as well as a Secondary Trustee. You can also have Co-Trustees so that not only one individual is making all the decisions unilaterally, and without the input of another individual. If doing a Trust Agreement and your loved one is not of "sound mind" things may be a little tricky in this department if you do not already have a General Power of Attorney (which is for financial related matters) in place, which should be done at the time of any Last Will & Testament, as well as a Durable Power of Attorney for Health Care, etc.
2007-03-25 10:50:38 · answer #2 · answered by Robin S 2 · 1⤊ 1⤋
Find yourself a lawyer that gives you the first twenty minutes of his time for free and find out what can be done.
2007-03-25 10:50:02 · answer #3 · answered by Alwyn C 5 · 0⤊ 1⤋
her life savings she worked hard for! I think this family is pretty greedy! I can't believe you kids want to be greedy i can't use that word enough... I just blows my mind people WOW!!!!!!!!!!!!!!!!!!!!
2007-03-25 10:51:18 · answer #4 · answered by shabo 4 · 1⤊ 0⤋
guardianship or power of attorney maybe. consult an attorney.
2007-03-25 10:42:37 · answer #5 · answered by loving 40+ 4 · 0⤊ 1⤋