If she is an Medicaid there should be no money. as that is one of the requirements. If it is her house, it will be sold to repay Medicaid. They most likely have a lien on it, so they are first in line for the proceeds.
What assets would she have if she qualified for Medicaid? If she has a house, there will be an estate recovery process by Medicaid to cover what they paid on her behalf. They get first dibs.
You can go online and search for the answer based on what state she lives in.
Depends on where you live. You should check into this with an attorney.
Sadly with people living as long as they do these days, people are outliving their money and many times there are no inheritances left for their loved ones. In my situation have been nice to have put some money towards my grandkids' college educations but that will not happen for my family. The way I see it you are lucky if you don't need to cover expenses for a parent.
5 Answers
Helpful Newest
First Oldest
First
You can go online and search for the answer based on what state she lives in.
ADVERTISEMENT
Sadly with people living as long as they do these days, people are outliving their money and many times there are no inheritances left for their loved ones. In my situation have been nice to have put some money towards my grandkids' college educations but that will not happen for my family. The way I see it you are lucky if you don't need to cover expenses for a parent.
If she is on Medicaid she has no funds to leave anyone.
The answer varies by State.
If your mother has funds, she can pay you for caregiving. But there must be a caregiver contract, best set up by a lawyer.