QUESTION
How does my sister (who is on countyassistance) handle a gift from her former employer?
Asked on Feb 04th, 2021 on Elder Law - Minnesota
More details to this question:
I have POA for my alzheimer's afflicted sister. Her Pension was generous enough for her to remain for years on private pay at what ended at $5800 a month for room & board plus needed services. This gift would kick her off the county assistance she's been on for the past year and a half. What can I do for her? It's her gift.
1 ANSWER
2 Awards
If your sister is under 65, you can open an account with a master pooled special needs trust in your state. Due to a very recent MN court decision, you may also be able to open an account if she is over 65 if the amount is such that she can reasonably expect to receive fair market value in goods and services from the transfer. You can discuss this with an elder lawyer and find one near you on the website of the National Academy of Elder Law Attorneys (www.naela.org).
Answered on Feb 05th, 2021 at 5:06 AM
This is general information. It cannot substitute for a personal consultation with an attorney. It is not intended to be legal advice or imply an attorney-client relationship.