We pay a mortgage and have a small amount of equity in our home. My husband has Alzheimer's and will soon need more care than I can give. I am worried with him being on Medicaid will I lose my home or the rights to "move on" after he passes because Medicaid will take all the profit. He is already on Medicaid at this time but I am his caregiver.
I waited 5 years after being widowed, remarried and moved in with new husband, which seemed easier, but I frequently "miss" things about my new home, and feel bad that I couldn't bring along everything I wanted to because new hubby had everything we NEEDED. I hope you don't have the problems with Medicare that are suggested here. Talk to someone!
A lady I knew years ago lived in her home with her husband and it was in both of their names. She became sick with cancer and died and her husband immediately sold their house as he was afraid of losing everything to Medicaid. He took the money and bought a Mobile Home in a new Park and only had his name on it. He became sick from cancer and and went on Medicaid and I believe his son wound up with the mobile home because he had been in an accident and lost both legs and was on Medicaid as well.
I really understand that you want to hang on to as much of your home and estate as possible so I would really get an Elder Law Attorney and get something going to help you right away.
None of us think we will ever be in this position and therefore we wait too late to make the changes we need to have done years earlier. It is a horrible mistake.
God Bless you as you work to get this handled!
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