Elder Law Answers
Does My Dad Need a Power of Attorney If I Can Pay His Bills With a Joint Bank Account?
My dad had a stroke, which has led to aphasia and mild dementia. He can't communicate the right words but he seems to...
Read moreWill Removing Funds From a Joint Bank Account Cause a Period of Medicaid Ineligibility?
- August 26th, 2014
Q
More than five years ago my mother and I set up a joint bank account. Three years ago I moved the funds to an account in my name only. My mother recently entered a nursing home and applied for Medicaid (in Rhode Island). Would any of this account be subject to clawback?
A
At first blush this appears to be a transfer that could cause a period of ineligibility for benefits for your mother. But the big question is whose money was it to begin with? If it was your money, you may be able to explain why you added your mother’s name to the account and not have a penalty. A Rhode Island elder law attorney can advise you on how the Medicaid agency treats these situations and whether the facts in your case make it possible to protect the funds, or perhaps half of them.
For more on the potential dangers of joint accounts, click here and here.
Local Elder Law Attorneys in Ashburn, VA
Meet Loretta Williams
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Loretta Williams
Hale Ball Carlson Baumgartner Murphy PLC
Loretta Morris Williams is a certified elder law attorney by the National Elder Law Foundation. Ms. Williams was admitted to the Council of Advanced Practitioners, National Academy of Elder Law Attorneys (NAELA) in 2012. She serves as President of the Virginia Academy of Elder Law Attorneys. Ms. Willia...
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William Fralin
The Estate Planning & Elder Law Firm PC
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Margaret O'Reilly
Margaret A. O'Reilly, PC
Margaret A. O’Reilly is an estate planning and elder law attorney with over thirty-five years of legal experience. Attorney O’Reilly graduated from Duke University with a degree in psychology, and received her law degree from Northeastern University School of Law in Boston, Massachusetts. For over 15 y...
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