Myself and 2 sisters are the beneficiaries. My sister is the trustee. My father recently passed away. There is a Wells Fargo acct, in my dads name, worth $67,000 that belongs to the trust titled in both of my parents names. Is my mother owner if she is not listed as a beneficiary of the trust and if she is not the trustee. Would this money have to be counted for Medicaid?
I think it would be best to talk to the Attorney who drew up the Trust to find out if Mom gets anything at all. Hopefully she does. Now Mom needs to amend her Trust. I highly recommend she uses an Elder Law Attorney as he/she would be very knowledgeable regarding Medicaid.