Does anyone have experience with life estate deeds, rentals, or pay back of Medicaid?

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grammapat1 Asked February 2014

Does anyone have experience with life estate deeds, rentals, or pay back of Medicaid?

My Mom had a lawyer who spent down her few assets and got her on medicaid. She was admitted to nursing facility and not expected to live 6 mo.

Medicaid

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Is it considered a gift if your Mom and yourself were on a mortgage and you took her name off a year ago and did a quick claim deed?
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score 1 · Answer 1

Got back to the lawyer who got Mom on medicare and ask him to explain how he did it..

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score 2 · Answer 2

Medicaid is for people without means. Not sure how she would qualify if she had rentals. By definition if you have investment property you are not without means.. Perhaps you can explain the situation.

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Does anyone have experience with life estate deeds, rentals, or pay back of Medicaid?

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