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
The Law Firm of Evan H. Farr, P.C.
In practice since 1987, Fairfax Attorney Evan Farr is widely recognized as one of the leading Elder Law, Estate Planning, and Specials Needs attorneys in Virginia and one of foremost experts in the Country in the field of Medicaid Asset Protection and related Trusts. Evan Farr has been quoted or cited as an expert by n...
Hammond and Associates, LLC, Elder Law, Estate Planning, Wills, Trusts, Probate
For Jeffrey Hammond, the practice of Elder Law is personal. Jeff’s many years of experience in law and in business did not prepare him for the crisis he faced in 2005 and 2006 when his father suffered a stroke and both of his parents suffered from dementia and other medical problems. At that time, Jeff began an i...