Staying Eligible for Medicaid after the Death of a Spouse
When one member of a couple moves to a nursing home, we expect that spouse will be the first to die, but this isn’t...
Read moreBased on what you say, your father's purchase of a life estate in your new home should not be treated as a disqualifying transfer. He lived in the house for more than a year, which is a requirement under new laws. So the only issue should be whether he paid the appropriate amount for his life interest. The amount is determined based on your father's age and the value of the house. Given that this was structured by an elder law attorney, it should fit the requirements. But to be sure, you can go back to the elder law attorney and make certain that the transaction did meet all of the requirements.
Local Elder Law Attorneys in Your City
When one member of a couple moves to a nursing home, we expect that spouse will be the first to die, but this isn’t...
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The basic?Medicaid?rule for nursing home residents is that they must pay all of their?income, minus certain deductions, to...
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My father was placed in a nursing home six weeks ago and he will be applying for Medicaid. He has two cars: a truck that i...
Read moreMedicaid Rules, etc