My Mom's in a nursing home in OR. She has a house here in CA. From what I've read medicaid can't go after the house for recovery, but any money generated by the house is fair game. It is currently rented. We don't mind medicaid getting the rental income, we would just like to protect the house when she dies. It may be a revocable trust, if so what would be medicaid's position then be. Thank you and is Len on the radio anywhere these days. Loved the show at KGO but then moved to Oregon and no more Len.
I'm going to take a WAG that it's in a land trust, revocable. Mom as the principle beneficiary; you and your sister as contingents. (That's the most common kind of trust for a home.) If that's the case, unfortunately, the house is fair game. It's my understanding that Medicaid will allow the home to continue being rented if it generates 6% net income. (I'm not sure about that.)
Your understanding that Medicaid can't go after the house for recovery is incorrect.