Follow
Share
Read More
This question has been closed for answers. Ask a New Question.
loghut, think of it this way, your Mom's house is going to pay for her care either now or after the fact. Is your Mom in a nursing home that accepts private pay patients and Medicaid patients? If the answer is yes, there your Mom can stay in that nursing home no matter how the bill is paid.

But I can understand you wanting to keep the family home and not sell it. It all depends on the final cost that Medicaid would want. Right now no one knows what that will be. If the final bill is less than what the house is worth, then your Mom would have money to pass on to the family. On the other hand if the final cost for Medicaid is more than what the house is worth, all that caring for the house, winterizing it, property taxes, time used checking on the house, chasing out the mice that love vacant property, etc. would time you could never reclaim.

Your wife has an excellent idea, talk this over with an Elder Law Attorney to see what would be the best way to deal with the family home. He/She might have other ideas.

Yes, property taxes would have to be paid, otherwise the County or City/Town government would seize the property and sell it at auction. You definitely don't want that to happen.
Helpful Answer (2)
Report

This question has been closed for answers. Ask a New Question.
Ask a Question
Subscribe to
Our Newsletter