Will My Mom Still Get a Penalty Period If I'm Using the Transferred Money to Pay Her Expenses?
My mother sold her home a year ago and moved into an independent living apartment. She had early stage dementia. The money...
Read moreThe answer is probably yes. The state Medicaid agency would likely consider the payments to repair the condominium to be a transfer of assets causing a period of ineligibility for Medicaid. While your mother lived in the condo, you could have charged her fair market rent and then used the money for repairs or anything else. But you could only do that while she lived there and was receiving the benefit of housing. Going forward, it’s not clear that she’ll receive the benefit of any repairs, so her money cannot be used for that purpose without the likelihood of a transfer penalty.
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My mother sold her home a year ago and moved into an independent living apartment. She had early stage dementia. The money...
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I applied for Medicaid in April for my mother, but the application was not approved until August. The nursing home claimed...
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My mother died 13 years ago. My brother has been in charge of her estate. He refuses to put her home up for sale, instead...
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