Questions & Answers

If 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...

• Category:
• Senior Living

My 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...

• Category:
• Medicaid Planning

I 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...

• Categories:
• Medicaid Planning
• |
• Medicaid Rules

If 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...

• Category:
• Medicaid Rules

My 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...

• Category:
• Medicaid Rules

We 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...

• Category:
• Medicaid Rules

Someone 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.

• Category:
• Medicaid Rules

My 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...

• Category:
• Medicaid Planning

I want to appoint my neighbor to be my agent under a power of attorney for health care. I have no idea what people usually pay for someone to be an agent under a power of attorney. What should I...

• Category:
• Estate Planning