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Reply to "Decent place to live on disability $150k"
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[quote=Anonymous]Most important thing may be to look into Medicaid in various states. If the relative needs or will need home care or other long-term supports and services, some states will get you in quickly and others have wait lists and relative will have to go into a nursing home. I would also suggest relative moves somewhere you can get to easily if there's an emergency, if you're the only relative. Also, need to be very careful about buying and selling property. If relative buys before he sells, he'll have a house that he's not living in and one that he does--that will put him over the SSI resource limit and SSI (and Medicaid, depending on the state) could be suspended. But if he sells before he buys, he'll be sitting on a pool of money that could also be countable income or asset. Talk to a special needs trust lawyer to do this properly--Special Needs Alliance has a member directory on their website.[/quote]
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