What fresh h3ll is this??Mom in nursing home going on three years now. The house was signed over to me and brother some years ago. We owe on the NAMI and have been paying on it here and there. We didn't pay it all because we needed to hold on to some money since we.....for about a year have been renting out the house, getting a modest sum every month, and putting it into the bank. Some is used for property taxes on the house, school taxes, and repairs to the house (fix furnace, smoke detectors, etc.) ....So Medicaid wanted to know how much rent, blah blah, and now they are sticking us with a bill for their cut of the rent, plus the NAMI included? It's very confusing. I'm sending everything to my brother to sort out....My question is, did anyone who got their parents house and are renting it out, what is your experience? How much do you have to pay Medicaid? Can you make payments? They seem to want more than we have accrued in the bank from the rent! We can't pay it all at once. And what are they going to do if we can't pay? Can they sue us, or take us to court? ... Here I thought we were all set. Mom doesn't own a thing. Her social security and pension go to the NH. She gets Medicaid/Medicare. Now Medicaid is sending me a huge bill because, I guess, even though brother and I own the house, she had life tenancy and part of the the rent is considered income. It's very confusing. Will we have to get a lawyer? I would appreciate any information or advice if you have rented out your parents house after they went in a NH.
When she dies, the market value on the date of death is what you inherit. We just went through this.