Background:
I moved my mother from 500 miles away to 1 mile away so I can keep an eye her.
Senior independent living.. She always spent weekends with us. Then it was apparent that her dementia was getting worse so I moved her to an assisted living facility. As her dementia got worse they said they couldn't handle her anymore. So instead of putting her into full time nursing home I moved her in with my wife and I.
My wife is a Saint.
I now have mom going to a dementia/ adult day care facility Mon - Fri.
She spends nights and weekends here.
Fortunately we can afford to have mom at home. (it is mentally taxing as you all know with personal hygiene issues, dressing her, feeding, etc.)
I was thinking that she could pay some sort of rent. Not to "pay" us for caring for her , but more of a legal way to help spend down her assets. Yes we now pay more for food, laundry, utilities, etc. She will be in a nursing home soon enough and she will be spending down until title 19 kicks in, so why not have her help out financially if it is legal to do so?
Is this OK? Does anyone else do this?
Thanks.
Geewiz, I asked the assisted living facility if mom could move into their nursing home (attached) facility at some future date when I moved her out. I just didn't want mom to move into a full blown nursing home while she has some marbles left. When she does not recognize me and her motor skills deteriorate I will make the move then. So I guess I have "invested" money into their system. It is also a non-profit facility and my priest is on their board..so I have a place in mind.
Her income now almost covers her day care bills as she has two pensions plus SS. So she needs to spend down some money. She will still be able to afford a couple years in a nursing home with her assets and income. With the 5 year look back there are not a lot of options to legally transfer funds. Rent would be one of them I am guessing.
As for siblings... I have an older sister who is useless.