What alternatives are available for paying for memory care if she doesn’t qualify for Medicaid?

What alternatives are available for paying for memory care if she doesn’t qualify for Medicaid? – North Carolina Short Answer In North Carolina, if Medicaid is not available, families typically combine private pay (income and savings) with home equity (selling or renting the home or using a reverse mortgage), family caregiving contracts, and any eligible…

How long is the Medicaid lookback period and how will it affect prior gifts or transfers?: North Carolina answer

How long is the Medicaid lookback period and how will it affect prior gifts or transfers? – North Carolina Short Answer North Carolina Medicaid uses a 60‑month (5‑year) lookback for long‑term care services. Any gifts or below‑market transfers by the applicant or spouse during that window can trigger a penalty period—time when Medicaid will not…

Can a guardian of the person be appointed guardian of the estate to consent to selling the property on behalf of an incapacitated life tenant?

Can a guardian of the person be appointed guardian of the estate to consent to selling the property on behalf of an incapacitated life tenant? – North Carolina Short Answer Yes. In North Carolina, only a guardian of the estate (or a general guardian) can manage an incompetent adult’s property and consent to a real…

How can I use the court-issued affidavit to close my mother’s bank accounts and transfer the funds to me?: North Carolina

How can I use the court-issued affidavit to close my mother’s bank accounts and transfer the funds to me? – North Carolina Short Answer In North Carolina, a certified copy of the court-approved Affidavit for Collection of Personal Property lets you collect and close a decedent’s bank accounts without opening a full estate if the…