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Started By
Message
Haynesville Shale Debacle
Posted on 7/21/08 at 3:21 pm
Posted on 7/21/08 at 3:21 pm
So my grandmother and grandfather are both in the nursing home. Medicare currently pays for this. They still own a home and right at 100 acres of land which could possibly hit the jackpot on the Haynesville Shale. So the debacle is this....if it does hit the jackpot, the nursing home will immediately start eating the money up. My dad and his brother have come up with the plan of buying the home and land from my grandfather right now, letting the nursing home get ONLY the money from the sale of the home and land, and then they would be able to collect the money if the land is leased. Thoughts? Would this work? Any other suggestions?
This post was edited on 7/21/08 at 3:29 pm
9
Posted on 7/21/08 at 3:26 pm to Hat Tricks
quote:
Thoughts?
Aren't you allowed to keep about $100,000?
Posted on 7/21/08 at 3:27 pm to Hat Tricks
so you're asking how your family can frick over the rest of American Taxpayers as much as possible?
Posted on 7/21/08 at 3:29 pm to Colonel Hapablap
quote:
so you're asking how your family can frick over the rest of American Taxpayers as much as possible?
Posted on 7/21/08 at 3:32 pm to Hat Tricks
Medicare is currently paying for their stay in the nursing home. My grandpa is 89 fricking years old and worked his arse off up until about 5 years ago. I hardly think anybody would be "screwing the american taxpayer."
Posted on 7/21/08 at 3:38 pm to Hat Tricks
your grandpa is about to get a fricking multimillion dollar windfall from selling the natural gas on his land and you want us to give you advice on how you can keep him from having to use that windfall to pay for his own care and instead have us pay for it.
frick you.
frick you.
Posted on 7/21/08 at 3:39 pm to Colonel Hapablap
quote:
your grandpa is about to get a fricking multimillion dollar windfall from selling the natural gas on his land and you want us to give you advice on how you can keep him from having to use that windfall to pay for his own care and instead have us pay for it.
frick you.
I can assure you he has already paid his part over his 89 years of living when he was paying into the system as well as the large sum of money that has already been used since he entered the nursing home.
This post was edited on 7/21/08 at 3:43 pm
Posted on 7/21/08 at 3:45 pm to Hat Tricks
Not to be a jerk, but if he can pay for his care, why shouldn't he?
Posted on 7/21/08 at 3:47 pm to Hat Tricks
I'm guessing the family didn't want to sell the property earlier, as they didn't want the money to go to your grandparents care. They wanted to wait until after they passed so the kids could get the money. Now that the land can potentially pay out a lot of money, the family is more than happy to give the government the money for the property and home.
Posted on 7/21/08 at 3:47 pm to Colonel Hapablap
quote:
your grandpa is about to get a fricking multimillion dollar windfall from selling the natural gas on his land and you want us to give you advice on how you can keep him from having to use that windfall to pay for his own care and instead have us pay for it.
I think this has little to do with the grandfather and more to do with keeping their "inheritance" in tact.
Posted on 7/21/08 at 3:49 pm to Hat Tricks
I would assume that it would be fraud to sell it at below market value (which would be quite a bit with 100 acres).
Posted on 7/21/08 at 3:49 pm to Martavius
either way they're trying to figure out how to get me to pay for services that they're consuming instead of paying for it themselves.
Sounds like a bunch of parasites to me.
Sounds like a bunch of parasites to me.
Posted on 7/21/08 at 3:50 pm to LazyDaveD
quote:
I'm guessing the family didn't want to sell the property earlier, as they didn't want the money to go to your grandparents care. They wanted to wait until after they passed so the kids could get the money. Now that the land can potentially pay out a lot of money, the family is more than happy to give the government the money for the property and home.
Somewhat correct and somewhat not. The grandparents have actually been in more of a rehabilitation facility rather than a nursing home. There is still a possibility of them leaving the nursing home and coming home.
Posted on 7/21/08 at 3:51 pm to Colonel Hapablap
quote:
either way they're trying to figure out how to get me to pay for services that they're consuming instead of paying for it themselves.
Sounds like a bunch of parasites to me.
My family is by no means poor if that is what you are implying. They have/and do pay their dues to society. I can assure you of that.
Posted on 7/21/08 at 3:53 pm to Ric Flair
quote:
I would assume that it would be fraud to sell it at below market value (which would be quite a bit with 100 acres).
Of course
Posted on 7/21/08 at 3:54 pm to Hat Tricks
ah so your family has been sponging off of the public teat without need for even longer than this? Nice. I can see why you think leeching is good and right.
Posted on 7/21/08 at 3:56 pm to Colonel Hapablap
quote:
ah so your family has been sponging off of the public teat without need for even longer than this? Nice. I can see why you think leeching is good and right.
Hilarious. Think what you wish though. My grandpa has paid thousands of dollars into the system as well as the thousands of dollars that has already been used up since his entrance into the rehab facility. Who the hell is the system for if not him?
This post was edited on 7/21/08 at 3:58 pm
Posted on 7/21/08 at 3:58 pm to Hat Tricks
Not a lawyer but have some familiarity with this. Selling the land probably won't help. Medicaid has a 5-year "lookback" period and they most likely have a claim on the estate equal to what they spent (and will spend).
Spend a few bucks and see a lawyer who specifically has experience in Medicaid Estate Recovery to see what the best course is.
Spend a few bucks and see a lawyer who specifically has experience in Medicaid Estate Recovery to see what the best course is.
Posted on 7/21/08 at 4:00 pm to Hat Tricks
They only take assets if they are turned over as wards of the state( ie they can't afford the care.) It sounds like they are able to pay for their care and it shouldn't be a problem. They could probably afford a much nicer place as well with the extra money. Surely they want to live much nicer for all the hard work they have done over the years.
Posted on 7/21/08 at 4:00 pm to Colonel Hapablap
The bottom line is his care is going to be paid for by himself one of two ways:
1. From the sale of the land and his home.
2. From the leasing of his land and mineral rights.
Either way he would be paying for his own care.
1. From the sale of the land and his home.
2. From the leasing of his land and mineral rights.
Either way he would be paying for his own care.
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