I hate to say this but if your Dad ever has failing health and ends up in a nursing facility; he’s going to need that money for his care.
And it’s horrible that if he runs out of money; if he needs Medicaid, they have a five year lookback at times. If he gave large amounts of money away within five years of applying for Medicaid, he may be denied.
At this point in time, he needs to save his funds for his own care should he get ill and end up in a nursing facility. I pray he doesn’t and can continue to live on his own.
God Bless for his continued good health!!