Elder Law Answers
My mother has a life estate in her current house. She would like to sell her house and purchase a smaller home. All the parties are in agreement. Can she purchase a life estate in the new house? How does...
Read moreIf children buy their parents out of a reverse mortgage, is that a transfer of an asset for less than fair market value, which would negatively affect Medicaid eligibility? In this instance the house could potentially sell for $600,000 to $700,000 on...
Read moreMy wife may need to go into a nursing home and apply for Medicaid in a little more than five years. She has $930 a month in Social Security and no other income. She does have term life insurance policies...
Read moreI have been taking care of my mom for two years, but now she may need to go into a nursing home and apply for Medicaid. She wants to transfer the house to me. How do I prove living with...
Read moreIf a person is applying for Medicaid or already receives Medicaid benefits, what is the penalty if his or her house does not sell for "fair market value"? Additionally if it is not realistic that the house would sell for...
Read moreMy mother co-signed for a student loan. The loan is still active. Due to health issues she is now applying for Medicaid. Will being a co-signer on a loan affect her ability to receive Medicaid? If so, what can be...
Read moreWe applied for Medicaid for my mom back in March 2018. We can't get any information on how long it will take to hear if she is approved. We are at the end of our rope. Where go we go...
Read moreSomeone told my mom to stop giving monetary gifts to her family -- even for very small amounts. She wants to be able to give her grandchildren between $25 to $50 for holidays and special events like weddings or graduations.
Read moreMy husband and I are planning on selling both our house and my mother-in-law's house and then purchase a property together. She has recently been diagnosed with Alzheimer's disease and we need to find a home with a first-floor bedroom...
Read moreAsk us a question and we'll respond if possible. We receive a large number of questions and are unable to answer every one. But if you don't hear back, many questions, particularly those involving Medicaid law, are best answered by a local elder law attorney. To find a qualified elder law attorney near you, click here.
