Reply to ISO insight/advice on nursing homes, Medicaid, etc

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]As I think I mentioned her house is underwater, so that is an additional financial burden for us[/quote]

16:46 again.  I know how very hard this is but you should not be paying on your DM's house.  You are only postponing the inevitable and harming your own financial stability.  Your DM has to face some very hard truths - as do you.  You need to set emotion aside.  It is not your fault if her house is foreclosed on.  One way or another, she has to get out of that house.[/quote]

We are not paying on her house.  I don't know how much background you have in this area, but she can be refused admission to certain housing programs if she has poor credit. [/quote]
NP, I have a lot of experience in this area and I know for a fact that she will be denied MEDICAID if she has ANY assets. She cannot "gift" the house to anyone or put it in someone else's name either, that will also disqualify her. [/quote]

The house is underwater and in relatively poor condition, so there is no attempt to game the system and gift anything - there is a five year clawback on any asset liquidation.  [/quote]

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