FL resident living in a Medicaid paid assisted living facility. The Medicaid recipient has the $2K max cash already..may the Fannie May check be kept? The check was paid as the foreclosed condo was turned over clean and empty....??? The FGannie MAy chk has not been deposited nor cashed.
A special needs trust may be another option, as would paying debts (as one person mentioned -- the person who cleaned the condo that allowed the "cash for keys" deal to happen).
It to her funeral plans if she had none a lawer might have some except uses for it before the bal gose to the state or even per paying federal and state taxes as the old saying gose you are born with taxs you die with axs
I'm curious how someone got $5K for a foreclosed condo though; typically the bid at sheriff's sale is for the amount of the debt plus attorney costs with nothing to compensate the former mortgagor...at least to the best of my knowledge.
Perhaps this was a bonus to leave the condo in good condition; I do know that some mortgagees offer incentive bonuses to leave early before the redemption period runs.
I would get in touch either with your Medicaid contact or the head of finance at the AL facility and make arrangements to endorse the check to either, depending on which they advise you to do.
Notwithstanding any Medicaid, rules, it just isn't ethical to keep that kind of money while getting Medicaid.