Elder Law Answers
If My Name Is on My Son's CD, Will Medicaid Take the Funds?
My son has a CD with his Social Security number on it, but my name is on it as well in case something happens to him. I am...
Read moreWill Medicaid Take Proceeds in Sale of My Mom's House?
- May 31st, 2024
Q
What will Medicaid do now that my mother has died? She left her house -- a very small cottage in need of repair. My mom was in a nursing home and the house has been vacant for two years. Her will left her possessions to my sister and myself. If we sell the cottage, will all the money from the sale go to Medicaid?
A
Yes, that could happen. The Medicaid agency no doubt has a claim against the house for the cost of the care it paid for your mother. If that cost exceeds the value of the house, then all of the net proceeds after the costs associated with selling the house will be due the state. However, you might seek to make a deal with them. If you and your family will receive nothing, you have little incentive to probate your mother’s estate and deal with the house. The agency may agree to split the proceeds with the family.