By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington. Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services. APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid. We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour. APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment. You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints. Please contact our Family Feedback Line at (866) 584-7340 or
[email protected] to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights. APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.I agree that: A.I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information"). B.APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink. C.APFM may send all communications to me electronically via e-mail or by access to an APFM web site. D.If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records. E.This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year. F.You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
*If I am consenting on behalf of someone else, I have the proper authorization to do so. By clicking Get My Results, you agree to our
Privacy Policy. You also consent to receive calls and texts, which may be autodialed, from us and our customer communities. Your consent is not a condition to using our service. Please visit our
Terms of Use. for information about our privacy practices.
Often free-standing happen as their pain management needs are best off in a 24/7 staffed facility.
So after plan #1deducted, mom has 200-300k? If mom will never qualify for medicaid, that's kinda what she will need to cover care for a year or two in a NH. I'd suggest she keeps that much aside as contingency plan #2. What if you get hit by a bus, or get ill?
So add up both, how much $$$ is left? If moms ok with this, she can gift brother the iRS tax free maximum of $ 14k. Then Jan 1, 2018 has another check ready to go to him. If married, then wife gets a gift as well. Mom can pay a % of your household costs, the IRS has guidelines for how to determine home-office deductions & you kinda can use these as a guideline for what mom pays either to you or writes a check from her checking acct for her % to utility co, insurance, etc. Pays 100% for landline.
Unless you really really need the $, I'd suggest not getting paid. Rather have it so that all moms banking is done POD (pay on death) & your the beneficiary designation on any other assets. Ifnot already done, mom will need to be able to go to the bank and do this. She will speak to a bank officer on her own so she must be competent enough to do a POD. It will be a pretty straightforward asset transfer to you after she dies.
I assume she has a will. Is she still OK with what is in that? Since she is on hospice it is likely that the will goes into effect fairly soon. Would just waiting for that be satisfactory?
But ... if there a reasons for getting this money now, I don't see why your portion can't just be a gift, like it is for your brother. Why complicate it by making it payment for services? What if Mom gives both of you $14,000 now? Or she gives him $14,000 and you $18,000 and pays the gift tax.
Proving that you spent money on a land line, etc. and worrying about a 1099 seems unnecessarily complicated. IF mother is willing, why not just accept gift money from her?