Elder Law Answers
The Last Goodnights: Assisting My Parents with Their Suicides
Can My Parents Sell Their Home and Pay for Upgrades to Our Home Without Triggering Medicaid's Transfer Rules?
- June 19th, 2015
Q
Both my elderly parents need extra help. We are going to sell their house and move them onto my property. We will need to build an addition in order to have space for them. Can they pay for these renovations out of profit from the sale of their home and not have it be subject to the Medicaid laws? The property will be in my name.
A
The answer to both questions is yes, but the payments need to be structured so that your state Medicaid agency doesn’t treat them as gifts to you causing up to five years of ineligibility for benefits. I strongly recommend that you work with a local elder law attorney to set this up so that it passes muster.
For more on Medicaid's asset transfer rules, click here.
Local Elder Law Attorneys in Ashburn, VA
Meet Margaret O'Reilly
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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...
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Mindy Felinton
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Mindy Felinton concentrates in the areas of Medicaid planning, Veterans' Benefits, asset protection, nursing home planning, elder law, wills, estate planning, trusts, living wills, powers of attorney, probate administration and trust administration and began her legal career 30 years ago as an Assistant State Attorney...
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Meet Evan Farr
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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...
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