Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Medicaid planning"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]She owns a condo together with DH (both names in the deed) with outstanding mortgage. Would paying off the mortgage count as spending? Is she only allowed to pay off half of the mortgage and DH would have to pay off another half? I guess the main question is which are the legit ways to spend the money? New territory for us and I was wondering whom should we consult? Elder law or financial advisor? (OP)[/quote] Sure, she can dump all of her money into the home. And assuming DH lives there, it won't impact her immediate medicaid eligibility. But the state will recover that money from the value of the home after the surviving spouse dies.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
