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.
They are counting on the fact that the look back period is five years. I feel that this is cheating the system and risky because the laws may change and my Dad my need more money before the five years is up. There is no way to predict the future. I also do not want my Dad to go on Medicaid (which is welfare) unless he was absolutely out of money. A Tax Attormey has advised them and they all think this is a slick plan. I think it stinks.
But, they could get away with this if no one ever checks up on them properly. If you are willing to act for your father, tell them upfront that what they are planning is illegal and wrong and you WILL pursue the matter if they attempt it. Refer them to the relevant laws. Get your hands on all documentation possible. Then keep an eye on them.
Plus there are the Medicaid issues, taxes, etc, which could put your father in a vulnerable position.
I see no purpose in taking a third of the money and setting it aside in children's accounts. It can set in your father's account just as comfortably. Did they mention why they wanted to do this?
The second problem is that large gifts can make you ineligible for Medicaid if you need it within five years.
It would be better for them to talk to a tax man first.
What do they mean by "preserve his estate?" Preserve it for themselves? Have they stated an intention to share with you or other relatives? Are they saving that money to use for his care? If so, why not leave it in his name?
I think you and your sisters need to consult an attorney who specializes in Elder Law, and can advise them how best to legally manage his estate at this point. If they won't agree to this, go on your own, explain the situation, and ask for advice about preventing problems for your father.