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Reply to "Paying for assisted living, can relative keep their house?"
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[quote=Anonymous]So I am a bit confused about this. Realiitive has decided to move from their single family house to an assisted living apartment. Her idea is to sell the house to self pay for the assisted living place. She is single so no one else lives in the house with her. I am wondering if their is a way for her to keep her house (either in a trust or in her name) and spend the rest of her money on the assisted living place until she runs out of money and then go into a place that accepts Medicaid. My thinking is that she can get Medicaid while keeping the house and she can rent the house out until she runs out of money and use the rent to help pay for the assisted living place. Am I missing something? Or would this work? Should I post on the over 50 board too?[/quote]
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