Would Medicaid take our house?
Four years ago my FIL signed his house over to my husband with FIL having living rights. Three years ago we moved in to help care for him after a bout of colon cancer and a colostomy. We had to sell our house (which we made no profit on) and move in with dad - his home was bigger. Dad then put his house in both my husband and my name so that we would get the house if something happened to him. Dad's health has diminished since that time, with the onset of dementia and other things. I know there is a 5 year look back for medicaid but if we had to put dad in a facility, would they take the home we have lived in after he uses all his funds and has to go on medicaid? We have put a great deal of money in the home since living here.