u/ZealousidealFig8942

This is in the US and in Maryland.

My parents recently went to a lawyer to prepare for my father’s inevitable upcoming need for a nursing home. They wanted to protect as much money as they can from Medicaids 5 year look back. The lawyer they went to set them up multiple trusts and ensured them the “At a minimum, 50% of your assets are protected even if you need a nursing home tomorrow. If you wait longer, say a year or so, then it can be closer to 60% or 70%.”

Well, it turns out my dad is headed there sooner rather than later and his physical therapist and occupational therapist said he can’t take care of himself and he is not safe at home.

Can someone explain like I’m five how this kind of protection works?

We also don’t know when the 50% of assets actually kicks in - like how will they know they are now qualified for Medicaid if on paper they still have money but based on the trust and what the lawyer said they are qualified for Medicaid.

At the core of it, I’m afraid my parents were hoodwinked because I’m not finding any answers online for how this arrangement works. But I know what I heard from the lawyers.

Thanks in advance.

This is in the US and in Maryland.

My parents recently went to a lawyer to prepare for my father’s inevitable upcoming need for a nursing home. They wanted to protect as much money as they can from Medicaids 5 year look back. The lawyer they went to set them up multiple trusts and ensured them the “At a minimum, 50% of your assets are protected even if you need a nursing home tomorrow. If you wait longer, say a year or so, then it can be closer to 60% or 70%.”

Well, it turns out my dad is headed there sooner rather than later and his physical therapist and occupational therapist said he can’t take care of himself and he is not safe at home.

Can someone explain like I’m five how this kind of protection works?

We also don’t know when the 50% of assets actually kicks in - like how will they know they are now qualified for Medicaid if on paper they still have money but based on the trust and what the lawyer said they are qualified for Medicaid.

At the core of it, I’m afraid my parents were hoodwinked because I’m not finding any answers online for how this arrangement works. But I know what I heard from the lawyers.

Thanks in advance.

My parent needs assisted living and I am doing research. I am wondering if anyone here has recommendations for assisted living facilities in north, north eastern, and eastern Baltimore and Baltimore County? We are looking primarily for single occupancy rooms for my parents comfort and ours when visiting.