My gram owns two lots. One with her home and the other is vacant. She is suffering from severe dementia and has in-home nursing home level care and receiving medicaid to pay for it. My dad lives in the home also and has POA. He has developed severe health issues and can no longer manage the upkeep of both lots. He wants to transfer the empty lot into my brother's name. Would that affect my gram's ability to receive medicaid?
For example, if the lot is market value of 100,000 and the nursing home is 10,000 a month, gram will be disqualified from medicaid for 10 months.
Assets should be used to pay for her care...and Medicaid has a lien on those lots. After Gram passes they will call in the liens on those properties to cover the care she has received from the taxpayers.
Angel
Good luck
Carol