I am not an expert and you need an expert,but you might try a trust fund. They're are ways to keep your home and money and to get your m0m the help she needs. See a lawyer it is worth the money.

Here is what you need to know: To qualify for Medicaid mom must have no more than $2,000 in assets. If the annuity is not an IRA is will be considered an asset and she will not be eligible for benefits.

Until you apply, however, she can do whatever she will with the money except give it away. That would create a penalty. So go ahead and spend as much money on her care as you wish. Just make sure you keep good records.

I don't know what state you are in but here in Florida we have what are know as Home and Community Based Services programs under Medicaid which assist with the cost of care in the home and an assisted living facility. If this is true in your state you should apply for benefits immediately.

Even though currently over resourced, a planning professional will help you restructure things so she can use her money and receive benefits.

By the way, was she or her husband a veteran? The Veterans Aid and Attendance Improved Pension may provide her another $1,000 per month.

Before you do anything, however, please be sure to have a well written and notarized Durable Power of Attorney.

For more information or help visit www.RalphRobbins.com