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Eldercare
Reply to "Elderly in-laws refuse to sell house that needs $200k of work, are out of money, can’t get loan"
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[quote=Anonymous]1. Start identifying nursing homes that take Medicaid. 2. Let them live their live in this house, without repairs, until the roof gets torn up or they end up in hospital. 3. Pay down the remainder of their assets for the best nursing home in the area that takes medicaid and when they run out, they will there as Medicaid patients. 4. This solution will mean your husband and his sibling will not inherit the house, as it will be used to pay for the nursing home. You can consult an estate attorney to see if there are workarounds to keep the property from Medicaid but my understanding is that this needs to be done years before their entry into care. [/quote]
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