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082 – Does Medicaid Take Your Loved One’s House When They Move Into an Assisted Living or a Nursing Home?

Sweet Home Sign

sign saying "Home Sweet Home" at flea market stand ** Note: Shallow depth of field

Does Medicaid take your loved one’s house when they move into an assisted living community or a nursing home?  The answer is usually no.  But that doesn’t mean you won’t have to sell it or work in some way to protect it.  Listen to the podcast to learn more about this issue – something that scares a lot of people.  And, remember, if your loved one might need Medicaid at some point in the future you should talk to an elder law attorney.

Good luck with this.

Casey

 

2 Comments

  1. Stephanie Donahoo says:

    My dad signed his house to me in Nov 2015 because I moved in to help take care of him. I sold
    My home to move in with him. He is almost beyond taking care of at home with his Parkinson’s and Dementia. He is in need of Nursing Home care now. My fear is I will be forced to sell my home. I have taking out a loan to fix it up and I am paying that loan. It is not a free and clear home now. Would this be co soldered an exception? I am in the state of KY.

    • Casey Price says:

      You definitely want to discuss this with an elder law attorney. That attorney can help you with your father’s Medicaid needs and guide you through the process to try to protect your home (which if it is yours and your father hasn’t contributed to shouldn’t be exposed to the cost of his care but, again, discuss this with the elder law attorney).

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