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Can a nursing home take money from an IRA for payment of bills?
Wiki User
∙ 11y ago
no
Wiki User
∙ 11y ago
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Can a grandchild be responsible for debt of nursing home?
No, unless the granchild guaranteed the nursing home bills. Otherwise, grandpa, or grandpa's estate would be solely responsible for the bills.
My father died. And the nursing home is still looking for more money. my dad left me 4000 do i have to give it to the nursing home?
the nursing home probably over charged; I'd keep the money! :]
what application do i fill out in order to obtain grant money for down payment of a home?
is there grant money for down payment of a home
Is the surviving spouse responsible for paying nursing home bills owed before becoming eligible for medicaid in Virginia?
No, settling up with the nursing home(s) is not an eligibility factor for Medicaid.
If your the executor of a will and you find the bank account has Pay upon death on it and it is not the executor who pays taxes on that?
I have been the executor of my mothers money, I pay her nursing home bills with it, she just died and i have 200,000 dollars left, do I have to pay tax on that money.
What money is a nursing home entitled to that's your dads?
You will have to look at the agreement with the nursing home. In most cases it is laid out very specifically.
How much money can a parent give to a child if the parent is past 80 and possibly going to nursing home in the future?
There is no limit on the amount of money that your parent can give you. You want to do this before they go to the nursing home because the home will take all of their money.
What is housing finanace?
home finance is, when the money gos in the house eg repare, bills ect ect home finance is, when the money gos in the house eg repare, bills ect ect home finance is, when the money gos in the house eg repare, bills ect ect
If someone dies in a nursing home under medicare and money is in her estate what happens to the money?
If the money is in the sole name of the decedent it can be attached for any funds owed to the nursing home or to the government for government provided medical assistance.
What if you need To be in a nursing home but you make too much to qualify for medicaid but not enough to pay for the nursing home?
As long as you meet the non-financial factors of eligibility for Medicaid, the State will expect you to apply your "excess" income/assets to your nursing/medical care and the Medicaid will pick up the remainder of the medical/nursing bills.
Who pays nursing home when you die?
Normally any debts a person has when they die (such as outstanding fees to a nursing home) are paid out of the estate of the deceased person. If there is not enough money in the estate to meet all the debts then the people owed money get only a share of what there is. Relatives do not have to make up the difference unless THEY told the nursing home THEY would pay the nursing home costs (and signed a contract to this effect).
Can a nursing home take your home?
In most places the nursing home would first need to take you to court to receive a judgement allowing them to take your home in partial payment for the cost of nursing home services. If they are in the process of doing that, you need to see a lawyer. As far as I know, in Texas, a person's home cannot be taken to pay a commercial debt. However, medicade requires a person going into a nursing home sell all their property, including their home and pay the nursing home costs out of their estate until all that remains is something like $2000 before medicade will begin covering nursing home expenses.
