My mom lives independent now but I take care of her needs since she is legally blind and deaf.. I also have disabled son confined in wheelchair. It has become too difficult for me to run back and forth. We thought we could take what savings we both have left and buy a handicapped assessable home together. My question is, what happens if my mom needs more help than I can give eventually and needs to go into a nursing home on her medicare since she won't have much money left ..will I be held responsible to repay Medicare when she passes?
will be healthy, and crazy things happen everyday. See an attorney before buying a house and putting both names on the title.
But I may have already made mistakes. My name is on my moms banking account and I have my own. Whenever she owes me money for shopping, gas, services, etc..I just transfer the amount out of hers, into mine. Also when we shop together at Costco's, I put all purchases on my American Express card, then I pay it off from Both accounts. I never kept receipts and memo's. Under inspection, It could look like shes just "giving" me money??
I can not put my son in a group home for several reasons and he needs a decent place to live. My mother won't spend that money on assisted living for herself when she has me! I will earn that down payment if she invests in a house for us all!
Did I already mess up with the bank accounts? We aren't doing anything illegal,
just feels like it!
Good luck to you, this is the last thing families should be worried about when trying to get a loved one taken care of.