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I put my dad’s money in my name because of reading and comprehension however he is on the account. Now I’m in need of government assistance. I’m afraid that they will deny me because of the funds he have. Any idea on what I should do because the money is not mine. Can I switch it at the bank without throwing up any red flags with the IRS? Any suggestions on which path I should take to clear my name.

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You said your dad’s name is on the account. If the account is a JTROS (joint tenants with rights of survivorship) you may be able to get your name off of the account and prove to the state that the account was funded with dads money.

But yes, you will need an attorney. You didn’t say how long ago you put the money in your name. In any case, as Alva said, you will need dad to have a conservator (or maybe just someone with POA) to pay his bills if he is unable to do it. Don’t put it off, you need to fix this right away.
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Not only will YOU be denied, but it can look as though grandfather has gifted you, and HE can be denied care.

You badly need to contact an elder law attorney NOW to learn how to act as POA, if it is not too late for you to be appointed, or for a guardian of the state to be appointed to manage your Dad's affairs if you are unable. This was a big mistake that can have severe consequences for both of you/for either of you.
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Very bad move, have you been spending your fathers money on you? Is the JTWOS? If so and your father is on Medicaid or going to apply there will be a price paid for doing this.

Hire an attorney, pay with your own money, not his.

I will say that Medicaid is one of the best run arms of our government aid programs. They know what they're doing and will come after involved parties for their money.
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Butterfly02 Sep 2023
No. I have not spent any of his money. He pays attention to the amount because he keeps a receipt and my mom use to help monitor it but she has dementia now. But I need help myself and it is in my name and I know that I will get denied because they will feel like it is my money.
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In her defense, lots of people add their names to their parent's accounts when they get frail. It makes it much easier to get the bills paid without having to haul the checks to the AL facility to get signed. I also did this. This is generally not a problem unless you are a crook, or need government assistance.
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