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Started By
Message
re: Haynesville Shale Debacle
Posted on 7/22/08 at 8:28 am to 8thyearsenior
Posted on 7/22/08 at 8:28 am to 8thyearsenior
89? in a nursing home?
how bout ponying up some coke for dear old grandpa
how bout ponying up some coke for dear old grandpa
0
Posted on 7/22/08 at 8:56 am to Hat Tricks
my mother in law has 100 acres in south bossier parish and we're trying to get her to understand potential tax and estate issues. I don't know all the details, but nursing homes are very skilled at taking whatever you have, regardless of the required care needed for a patient. Unfortunately, with the look-back period, your grandparents probably can't protect or transfer the land at this point without affecting their medicare.
But I would check with an attorney, it's probably still possible to get the land in a trust, and have one of the kids setup with a power of attorney to manage financial decisions and payments to the nursing home.
But I would check with an attorney, it's probably still possible to get the land in a trust, and have one of the kids setup with a power of attorney to manage financial decisions and payments to the nursing home.
Posted on 7/22/08 at 9:20 am to Hat Tricks
my family is in a similar situation, but 1 family member is going into a nursing home
we're paying
we're paying
Posted on 7/22/08 at 10:13 am to Hat Tricks
quote:
My grandparents have only been on the "public teat" as you call it after they have spent every dollar to their name other than their home...which is perfectly fine to keep
That is fine...you seem to miss the fact that people here haven't had a problem with them being on medicare. Its the whole fact that you now have millions more than "just their home" and you are now trying to find out how to get out of paying for it.
Posted on 7/22/08 at 11:50 am to Hat Tricks
quote:
So my grandmother and grandfather are both in the nursing home. Medicare currently pays for this. They still own a home and right at 100 acres of land which could possibly hit the jackpot on the Haynesville Shale. So the debacle is this....if it does hit the jackpot, the nursing home will immediately start eating the money up. My dad and his brother have come up with the plan of buying the home and land from my grandfather right now, letting the nursing home get ONLY the money from the sale of the home and land, and then they would be able to collect the money if the land is leased. Thoughts? Would this work? Any other suggestions?
Other posters have hit most of the main points, but I just wanted to tell you that I think it's embarrassing that you used the word "debacle" to describe this. Seems to me that most people would be happy that they'll have plenty of money to take care of their loved ones in their waning years.
And as a taxpayer, I'd like to give you one of these:
That's for so casually assuming that I would want to help you cheat me out of my own money.
Posted on 7/22/08 at 12:05 pm to Volvagia
quote:
Its the whole fact that you now have millions more than "just their home"
Wrong, the land is in Sabine Parish and there is only "rumor" of lease offers being made in this area.
Posted on 7/22/08 at 12:06 pm to Hat Tricks
well if they don't get any lease money, there's not a problem.
Posted on 7/22/08 at 12:06 pm to Tiger JJ
quote:
Other posters have hit most of the main points, but I just wanted to tell you that I think it's embarrassing that you used the word "debacle" to describe this. Seems to me that most people would be happy that they'll have plenty of money to take care of their loved ones in their waning years.
And as a taxpayer, I'd like to give you one of these:
That's for so casually assuming that I would want to help you cheat me out of my own money.
Posted on 7/22/08 at 12:10 pm to Hat Tricks
Right. Roll your eyes instead of admitting your a scumbag leach who'd rather get your own grubby hands on your grandparents money than letting them use it to actually take care of themselves.
Posted on 7/22/08 at 12:14 pm to Tiger JJ
quote:
Right. Roll your eyes instead of admitting your a scumbag leach who'd rather get your own grubby hands on your grandparents money than letting them use it to actually take care of themselves.
Do you not understand that money will go to their care either way?
Do you not also understand that my mom and dad pay some out of pocket expenses now as well so that my grandparents can stay in the nicer facility that they are in?
This post was edited on 7/22/08 at 12:16 pm
Posted on 7/22/08 at 12:20 pm to Hat Tricks
Furthermore, if we really wanted to be cheats we could have started moving their money around to different accounts years ago when their health was starting to decline and we knew they needed to be in a nursing facility. Which is a pretty common thing to do for people in similar situations.
Posted on 7/22/08 at 12:20 pm to Hat Tricks
You said:
So, to summarize, your grandparents are in a nursing home. Medicare will cover it if they can't pay. And "can't pay" here means that they don't even have anything they can sell in order to pay for it. You are asking how to insure that THEY pay as little as possible and that MEDICARE resumes paying as soon as possible.
What part of welfare do you not understand?
quote:
So my grandmother and grandfather are both in the nursing home. Medicare currently pays for this. They still own a home and right at 100 acres of land which could possibly hit the jackpot on the Haynesville Shale. So the debacle is this....if it does hit the jackpot, the nursing home will immediately start eating the money up. My dad and his brother have come up with the plan of buying the home and land from my grandfather right now, letting the nursing home get ONLY the money from the sale of the home and land, and then they would be able to collect the money if the land is leased. Thoughts? Would this work? Any other suggestions?
So, to summarize, your grandparents are in a nursing home. Medicare will cover it if they can't pay. And "can't pay" here means that they don't even have anything they can sell in order to pay for it. You are asking how to insure that THEY pay as little as possible and that MEDICARE resumes paying as soon as possible.
What part of welfare do you not understand?
Posted on 7/22/08 at 12:24 pm to Hat Tricks
quote:
Do you not understand that money will go to their care either way?
Of course I understand. At present, it's MY money paying for it. And you are trying to find a way not to use THEIR money.
quote:
Do you not also understand that my mom and dad pay some out of pocket expenses now as well so that my grandparents can stay in the nicer facility that they are in?
I definitely do not understand what this is relevant to, other than you avoiding the truth.
Posted on 7/22/08 at 12:25 pm to Colonel Hapablap
I think the sale of their home and land will more than cover their medical expenses for the next several years.
Posted on 7/22/08 at 12:26 pm to Tiger JJ
quote:
Of course I understand. At present, it's MY money paying for it. And you are trying to find a way not to use THEIR money.
Damn right it's your money. They don't have to sell their home.
quote:
I definitely do not understand what this is relevant to, other than you avoiding the truth.
It's only relevant because you act like we are just mistreating my grandparents.
This post was edited on 7/22/08 at 12:27 pm
Posted on 7/22/08 at 12:29 pm to Hat Tricks
quote:
I think the sale of their home and land will more than cover their medical expenses for the next several years.
Then why all of the concern over trying to hide the possible mineral rights lease money?
Posted on 7/22/08 at 12:30 pm to Hat Tricks
I don't think anyone has said that you're mistreating your grandparents. We've all said that you're a worthless leeching sack of shite for being unwilling to let their assets pay for their care and instead trying to figure out how to make us pay for it.
Posted on 7/22/08 at 12:35 pm to Colonel Hapablap
quote:
I don't think anyone has said that you're mistreating your grandparents. We've all said that you're a worthless leeching sack of shite for being unwilling to let their assets pay for their care and instead trying to figure out how to make us pay for it.
Posted on 7/22/08 at 12:37 pm to Hat Tricks
quote:
Damn right it's your money.
Thanks for admitting it. That's where the frick YOU comes into play.
Posted on 7/22/08 at 3:42 pm to Hat Tricks
quote:
Do you not also understand that my mom and dad pay some out of pocket expenses now as well so that my grandparents can stay in the nicer facility that they are in?
I think that is how Medicare works anyway. Medicare does not pay for long term care; nursing home or otherwise. Medicare will pay for temporary in-home or nursing home care, or temporary reabilitation care, but not long term.
Medicare will of course do a lot more for the patient if that patient is entered under a hospice care program and expected to live less than six months.
I took care of my mother at home for 10 years and had a lot of invovement with Medicare. She worked all her life and lived 30 years after retirement from her job.
You name it, I did it for her. There were periods where Medicare paid for in home care as ordered by the hospital or physician, but each time, it lasted less than six weeks.
I was informed that the most inexpensive permanent nursing home in the area, would cost 90 dollars a day. I checked it out, and decided I wouldn't keep a stray cat there. couldn't afford it anyway.
That's been my personal experience with Medicare... but perhaps the rules vary between states.... I don't know.
Now, I think Medicaid works a bit differently.
Regarding the poster who prefers to be shot than taken care of by the kids, that's the poster's choice.
I was with my mom as she took her last breath. She was very disabled and needed constant care. It was extremely difficult caring for her, but it was also an honor. She was a blessing to the entire family
This post was edited on 7/22/08 at 3:45 pm
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