We have been caring for MIL for over 5 years and now understand that it is time to get her out of her home to live with us or in a facility. We have questions on regards of the elegibility for Long Term Medicaid /Medicare benefits . Her home has about 20k in equity. If we sell her home will that affect the benefits she is currently receving? She has in home care benefits covered by Medicaid.
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Generally speaking, if she sells her house and has 20k in assets, thise funds need to be used to pay for her care.
The smartest thing you can do right now is to consult a certified Eldercare Attorney about how to best proceed. It will be money very well spent.
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