If my parents have a home equity loan of $50k. Is it to our advantage to draw that money out before a NH?

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They are in the state of Illinois. Their home is in a trust and the value of the home is approx $125,000 or less. They have about $5,000 cash and another $5,000 in a stock. My REAL question is.....as far as the MERP issue, is it to our advantage to draw on that $50,000 before they go to a nursing home?

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I would think do not use the home equity loan unless it is paying for their care until Medicaid kicks in. See an elder law attorney that specializes in Medicaid planning.
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Here is my uneducated advice. $50,000 will not last 2 people long, in a NH. Maybe they should just pay it back.

My mother is in a NH, in Shelbyville, IL.
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The only suggestion I have is to talk to an Elder Law attorney about what is required by Medicaid for your parents State.
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