My Dad was on Medicaid for 3 years, but we sold her land to pay for her nursing home expenses. There is not much left but the state wants the full amount of his nursing home care19 years ago. Is Mom entitled to money (how much) to cover funeral expenses etc as she paid her own way at the nursing home!!!
Cheers,
Bob
Research Medicaid Estate Recovery rules for your state and consult with a Medicaid Planning Attorney to make sure before you do anything like deeding the property to your children.
Medicaid is set up to help people in need during times of crisis, however the program cannot afford to support everyone who needs Nursing Home or Assisted Living or it will go broke. There is a reason that the Medicaid program has Estate Recovery rules. If they were not able to recoup costs after the spouse died from the primary residence then they would require that everyone who needed a Nursing Home sell their home before becoming eligible.
You may want to consider other options like selling your home and splitting your husbands share apart from your own. His share would then be spent on his care and Medicaid would take over after that money is gone.
Your share could buy you a smaller home or Condo or you could invest it and then will that money to your children.
At least you would protect 1/2 of the money in your estate.
Please consult an attorney to get legal advice.
Good Luck
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