I put my dad’s money in my name because of reading and comprehension however he is on the account. Now I’m in need of government assistance. I’m afraid that they will deny me because of the funds he have. Any idea on what I should do because the money is not mine. Can I switch it at the bank without throwing up any red flags with the IRS? Any suggestions on which path I should take to clear my name.
Hire an attorney, pay with your own money, not his.
I will say that Medicaid is one of the best run arms of our government aid programs. They know what they're doing and will come after involved parties for their money.
But yes, you will need an attorney. You didn’t say how long ago you put the money in your name. In any case, as Alva said, you will need dad to have a conservator (or maybe just someone with POA) to pay his bills if he is unable to do it. Don’t put it off, you need to fix this right away.
You badly need to contact an elder law attorney NOW to learn how to act as POA, if it is not too late for you to be appointed, or for a guardian of the state to be appointed to manage your Dad's affairs if you are unable. This was a big mistake that can have severe consequences for both of you/for either of you.