How does a house sale effect Medicaid benefits?
ok so basically we where going to move into my grandmother in laws house and rent out ours but we cant do it because of the type of loan we have so we are thinking of moving her to our house and selling her's as it is paid for but in need of repair. So i was wondering how this would affect any possible medicaid benefits in the future because for now we are trying to keep her out of a home but we may need other help or if in the future her dementia is severe enough you just never know. i have heard that fl medicaid wont take your house if its less than 500000 which this one definitely is. I mean we will probably use the money from the sale to build onto our house because it is way to small to handle three adults and future children as it is only two bedrooms. the rest will be for her care, for me to possibly stay home with her full time and some to help out the rest of the family. I mean we dont want to put her in a home anyway but i dont want any legal issues to go wrong and i dont know what to do if we cant use a good hunk of the money to add on to our house. Should we just put her in a home and let medicaid take the house? or does medicaid even do that in fl? no one would be living in it. She really isnt that bad yet she just needs a lot of help physically. i really think her issues are because she is alone to much. please help