Are you sure you want to exit? Your progress will be lost.
Who are you caring for?
Which best describes their mobility?
How well are they maintaining their hygiene?
How are they managing their medications?
Does their living environment pose any safety concerns?
Fall risks, spoiled food, or other threats to wellbeing
Are they experiencing any memory loss?
Which best describes your loved one's social life?
Acknowledgment of Disclosures and Authorization
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington. Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services. APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid. We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour. APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment. You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints. Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights. APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.I agree that: A.I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information"). B.APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink. C.APFM may send all communications to me electronically via e-mail or by access to an APFM web site. D.If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records. E.This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year. F.You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
✔
I acknowledge and authorize
✔
I consent to the collection of my consumer health data.*
✔
I consent to the sharing of my consumer health data with qualified home care agencies.*
*If I am consenting on behalf of someone else, I have the proper authorization to do so. By clicking Get My Results, you agree to our Privacy Policy. You also consent to receive calls and texts, which may be autodialed, from us and our customer communities. Your consent is not a condition to using our service. Please visit our Terms of Use. for information about our privacy practices.
Mostly Independent
Your loved one may not require home care or assisted living services at this time. However, continue to monitor their condition for changes and consider occasional in-home care services for help as needed.
Remember, this assessment is not a substitute for professional advice.
Share a few details and we will match you to trusted home care in your area:
I keep hearing that if she has to go to nursing care in the future, we will be stuck paying however much she gave away. Not sure I understand that as it is her $$ to give.
Sure, it's her money to give, but she can't then expect to be cared for through taxpayer funds via Medicaid.
I'm not sure what a reverse mortgage has to do with the situation. Are you saying that she'll be paying it off, will have extra funds and wants to gift it to the grandchildren? Sure, she can gift it to the grandchildren, but it will affect her ability, if any, to get Medicaid support.
Yes, it's your Mother's money now. But it's not the taxpayer's problem to take care of her in the future. If she needs Medicaid, there is a 5 year look back rule to keep people from giving away their money and then getting the government to pay for their care. This is your Mother's situation. She should be saving her extra money for her future care.
Any one can give anyone any amount of their money at any time. But there may be tax implications, and there are definitely Medicaid implications if that becomes an issue in the future. If Mom applies for Medicaid they will look at her financial records for the five years prior to the application. She would need to account for the reverse mortgage and well as other income received in that period. If that includes large gift amounts (not $20 in a birthday card) that will incur a penalty.
So it is her money and she can do with it what she likes, but unless she is absolutely sure she won't need to apply for Medicaid in the next five years, she would be wise not to give substantial gifts.
(When I was working it was my money I earned. But, boy, would I be in trouble if I decided not to pay my taxes. Sure, your mother can do what she wants with her money, but some actions could really cause her grief down the road.)
Most folks apply for RM because they are in financial straights. There is a great deal to read on this site about RM and not much of it is good. Has your mom already applied? Has she received funds? I would advise you as a loving child to visit a qualified elder attorney in your moms state and find out the best steps your mom can take to ensure she is well taken care of for her entire life given her personal situation. I'm pretty sure RM won't be on the list suggested by the attorney. Her assets, I'm sure you would agree, should go to taking care of her. If she is so fortunate as to be able to leave behind an inheritance, then I'm sure she could write her will in such a way as to where that could be passed to her grandchildren. What many don't realize with a RM is that insurance policies must be upgraded and paid, the home must be kept in good repair, taxes must be paid, the interest rates are very high and the loan is for less than the full value of the home. Your mom might be better off to sell the home and downsize. If she is seeking a RM for any reason that allows her funds to give a grandchild she is probably doing it for the wrong reason. Please visit a qualified elder attorney with her to allow her to explore all of her options and not this seemingly low hanging fruit that might just be poisonous. It ended disastrously for my one FM who took a RM so I am biased. Read the many threads on this site on this subject to learn more. I'm sure there are many reasons why this might seem to be a good solution to a problem. Expand your search. And we haven't even talked about medicaid.
I agree with 97yroldmom. Even if the RM is a "done deal" it would be worth a consultation with an Elder Law attorney to see if she has any options for getting out of it, and to explain the Medicaid ramifications of giving money away, and also how to leave money to her grandchildren, if there is any left at the end of her life.
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington.
Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services.
APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid.
We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour.
APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment.
You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints.
Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights.
APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.
I agree that:
A.
I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information").
B.
APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink.
C.
APFM may send all communications to me electronically via e-mail or by access to an APFM web site.
D.
If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records.
E.
This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year.
F.
You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
I'm not sure what a reverse mortgage has to do with the situation. Are you saying that she'll be paying it off, will have extra funds and wants to gift it to the grandchildren? Sure, she can gift it to the grandchildren, but it will affect her ability, if any, to get Medicaid support.
So it is her money and she can do with it what she likes, but unless she is absolutely sure she won't need to apply for Medicaid in the next five years, she would be wise not to give substantial gifts.
(When I was working it was my money I earned. But, boy, would I be in trouble if I decided not to pay my taxes. Sure, your mother can do what she wants with her money, but some actions could really cause her grief down the road.)
I would advise you as a loving child to visit a qualified elder attorney in your moms state and find out the best steps your mom can take to ensure she is well taken care of for her entire life given her personal situation. I'm pretty sure RM won't be on the list suggested by the attorney.
Her assets, I'm sure you would agree, should go to taking care of her. If she is so fortunate as to be able to leave behind an inheritance, then I'm sure she could write her will in such a way as to where that could be passed to her grandchildren.
What many don't realize with a RM is that insurance policies must be upgraded and paid, the home must be kept in good repair, taxes must be paid, the interest rates are very high and the loan is for less than the full value of the home. Your mom might be better off to sell the home and downsize. If she is seeking a RM for any reason that allows her funds to give a grandchild she is probably doing it for the wrong reason.
Please visit a qualified elder attorney with her to allow her to explore all of her options and not this seemingly low hanging fruit that might just be poisonous.
It ended disastrously for my one FM who took a RM so I am biased. Read the many threads on this site on this subject to learn more.
I'm sure there are many reasons why this might seem to be a good solution to a problem. Expand your search. And we haven't even talked about medicaid.