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This is kind of a public service blog.  

For as long as i can remember, my grandmother has paid for my uncle’s life (mortgage, utilities, etc).  Her reasons are immaterial.  My uncle has been quite sick since February and has been in and out of the hospital for months...sometimes spending weeks at a time in ICU.  When my grandmother passed away, he was unable to come to her funeral.  

For many years my mother tried to talk my grandmother into creating a trust for my uncle instead of leaving him his “share” in a lump some.  My grandmother refused, saying it would be humiliating for my uncle to have to ask his sisters for his money.  I get that...as short-sighted as it may be, i do get it.

Well, my uncle learned something the other day.  Being that he is on Medicare/Medicaid, any inheritance over the amount of $20,000 disqualifies him for medical benefits.  SO, my uncle will be spending his inheritance on his medical bills.  He will likely lose his home as he is unable to work and the person who historically paid his bills is no longer living.

When i heard this, my first thought was, “somebody didn’t do their job!”  Specifically, the lawyer!  So, my friends...be sure your lawyer knows about those to whom you decide to leave money/property.  There are circumstances in which the benefactor will not benefit!

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Member Comments

    • 0 votes vote up vote up

      Vikki Hall wrote Jul 8, 2011
    • Thx Linda! That is a great tip. I’m just sorry it’s at your uncles expense frown



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    • 0 votes vote up vote up

      Mary Clark wrote Jul 8, 2011
    • This is a very sad story.  I cannot stress enough the importance to seek legal counsel on the correct way of handling finances, rights, etc. for especially people who are unable to handle their affairs themselves.  

      I am a BIG POA fan! Everyone should have a POA..and a POA that is recorded in the court house..and everyone should have a will.  

      Trust accounts are the way to go...there is so much more protection.  

      I must stress this at least once a day with my members.



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    • 0 votes vote up vote up

      Anne E wrote Jul 8, 2011
    • This is so sad.  When your uncle becomes destitute, then he’ll get insurance again frown



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