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Reply to "Paying for assisted living, can relative keep their house?"
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[quote=Anonymous]We had an elderly relative in this situation. Yes, you more or less have to liquidate all assets before you qualify for Medicaid, so she will need to sell the house to self-pay first. She can let Medicaid put a lien on it instead, as a PP noted, but it doesn't make much difference since any equity will be drained pretty quickly. There are a few workarounds if you plan far in advance, but there is a five-year look-back period (except in CA, where it is only 2.5 years for some reason) so if she is at the point of needing assisted living now, it isn't an option.[/quote]
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