Anonymous
05/02/2022 17:53
Subject: Assets and long term care
Anonymous wrote:Anonymous wrote:Anonymous wrote:
Second, I would not want to stake my home on "may have rights to the house." May is doing too much work in that sentence without the benefit of a lawyer's expertise. I'd rather spend $4500 on a lawyer than lose hundreds of thousands in the forfeit of a house.
No one wants to rely on "may"
Yeah, my concern would be that OP's mom may be forced to sell her half of the house in order to pay for care and then qualify for Medicaid.
Take a minute and read the rules or call long term medicaid. They will not be forced to sell the house but worst case medicaid will put a lien on the house. You are ALLOWED specific assets. You don't need to pay an attorney for it.
A SPOUSE is not required to sell a house so the other spouse can live there.
But if the house is joint property owned by two roommates, is there the same protection?
Anonymous
05/02/2022 16:27
Subject: Assets and long term care
Anonymous wrote:Anonymous wrote:
Second, I would not want to stake my home on "may have rights to the house." May is doing too much work in that sentence without the benefit of a lawyer's expertise. I'd rather spend $4500 on a lawyer than lose hundreds of thousands in the forfeit of a house.
No one wants to rely on "may"
Yeah, my concern would be that OP's mom may be forced to sell her half of the house in order to pay for care and then qualify for Medicaid.
Take a minute and read the rules or call long term medicaid. They will not be forced to sell the house but worst case medicaid will put a lien on the house. You are ALLOWED specific assets. You don't need to pay an attorney for it.