I am 64 single and viewing retirement. My 93 years old mother lives with me and I have been the sole owner of home since 2010. My mother receives monthly social security and has a small balance bank account under her own social security number for personal and future funeral expenses. Question I have is some 35 years ago when I was out of college and started working I open a bank account under my social security number and I listed my mother also as a account holder solely to do transactions for me if I ever became disable. Over the 40 years she never did any transaction nor ever deposit any of her money into this account. I declare the interest in this account on my tax earnings yearly since it is under my social security number.The money in the account is mine also my bi weekly pay check was direct deposited into this account for numerous years and can prove same, would this account I had my mothers name on with me solely for a matter to protect my interest be attachable by Medicaid for her, should if mother eventually needs to apply for Medicaid benefits if she enters a nursing home in years to come. As I say all the assets in the account are mine and I can substantiate same plus the account is under my social security number.
Angel