Can I Rent Out My Condo While Receiving Medicaid Long-Term Care Benefits?
- October 6th, 2014
While I can’t give you a definitive answer about Florida, in most states the answer is yes. You can rent out the condominium and contribute the net rent, after costs of maintaining the property, to your costs of care in the facility. To be sure about Florida, check with their Medicaid agency or a local elder law attorney.
For more on how Medicaid treats income, click here.
Local Elder Law Attorneys in Ashburn, VA
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...
Law Offices of John L. Laster
John Laster is a lawyer licensed to practice in Virginia, Maryland and the District of Columbia. He limits his practice to wealth transfer planning, trusts, wills, powers of attorney, health care decision-making issues, estate administration and related tax, elder law and disability concerns. Listed in The Best Lawyers...