Elder Law Answers
Using an Annuity to Keep the Spouse of a Medicaid Applicant from Becoming Impoverished
When one spouse qualifies for Medicaid to pay for a nursing home stay, the spouse who is at home is often left without man...
Read moreCan a Medicaid Applicant Pay Off a Jointly Held Mortgage As a Spend Down?
- May 12th, 2016
Q
I purchased a home with my father. We both live in the home and are both on the mortgage. Is my father allowed to pay off the mortgage as a way to spend down his assets to the point that he can qualify for Medicaid’s long-term care coverage?
A
He could probably pay off half the mortgage, but paying it all might be considered a gift to you. You will need to consult with a local elder law attorney to have a better idea of how this would be treated by your state’s Medicaid agency. Also, if you have lived together for more than two years and if your father needed care from you for at least two years, you might qualify for an exception to the usual transfer rules. Again, a local elder law attorney could advise you on this. To find an attorney near you, go here: http://www.elderlawanswers.com/elder-law-attorneys.
For more information about Medicaid’s spend-down rules, click here.
Local Elder Law Attorneys in Ashburn, VA
Meet Margaret O'Reilly
(703) *** ****
Learn more
Margaret O'Reilly
Margaret A. O'Reilly, PC
Margaret A. O’Reilly is an estate planning and elder law attorney with over thirty-five years of legal experience. Attorney O’Reilly graduated from Duke University with a degree in psychology, and received her law degree from Northeastern University School of Law in Boston, Massachusetts. For over 15 y...
(703) *** ****
Tell us about your legal issue and we will put you in touch with Margaret O'Reilly.
Meet Ron Landsman
(240) *** ****
Learn more
Ron Landsman
Ron M. Landsman, P.A.
Ron M. Landsman has been practicing elder law since 1983, before it was known as elder law, originally with Landsman and Laster, Washington, D.C., then Landsman, Eakes and Laster, also in Arlington, VA, and since 1990 in his own practice in Montgomery County, Maryland. He has been among the most active members of the...
(240) *** ****
Tell us about your legal issue and we will put you in touch with Ron Landsman.
Meet Loretta Williams
(703) *** ****
Learn more
Loretta Williams
Hale Ball Carlson Baumgartner Murphy PLC
Loretta Morris Williams is a certified elder law attorney by the National Elder Law Foundation. Ms. Williams was admitted to the Council of Advanced Practitioners, National Academy of Elder Law Attorneys (NAELA) in 2012. She serves as President of the Virginia Academy of Elder Law Attorneys. Ms. Willia...
(703) *** ****
Tell us about your legal issue and we will put you in touch with Loretta Williams.
