by weiford » Thu Mar 31, 2011 11:46 am
Are you your sister's guardian? I don't understand why you, rather than your parents, are involved.
Yes, medicaid has to be paid back. Yes, if she is a minor, the money has to be held in trust. Of course she can touch it, depending on the terms of the trust. She should wait to settle until she is 18, then she could get the money. Unless the settlement offer is to have it in trust, in which case she would get the money in payments over time.
Most states require a trust for a minor, to keep parents and others from taking the money from them. Usually that money is paid out annually and is calculated after the attorney is paid and after all the medical bills are paid. Perhaps he means that the money will be paid out as scheduled, but you can't change that schedule.
It's a good idea to do that because 18 year olds arent' the smartest with money and it also keeps people like brothers and parents from trying to get the money from a naive person.
You are her brother, why should you get anything out of it? Or for that matter, anyone else in the family. It's her injury, her case, her money.
It sounds like a trust is a good idea in this case because it sounds like certain family members are trying to take her money from her.
Mom: Don't blame me for the assumptions. It's here brother who posted "why dont' WE" get any money. It's her money. That's what the trust is for. Since he mentioned "we" I assume the family wants some of HER money. I respond to what I am presented with.
You should not be rejecting this because of the trust or the requirement to pay back medicaid. Those are legal requirements. A good trust would be set up to pay college tuition or for other good uses. It's not wise for an 18 year old to get all that money at once. The trust will give her money at regular periods. It also enables a higher settlement amount than if was just cash, so she will end up with more money.
That's a lot of money and it doesn't sound like she has long term permanent damage or need for medical care. It sounds like the only lasting effects are the scars on her leg. I don't know what the bills were, but if there is no need for medical care, it sounds like a fair settlement.