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Is he still alert? Sell the home and invest the proceeds in his name in some investment accounts. He still has to be alert to make this investment. Make the son the benficiary, if his dad passes and there is anything left.
IF he is not yet on Medicaid, there is a 5 year look back.
You can use some of the proceeds from the sale to consult an elder law attorney to make sure everything is correct. Any expenses for him will count.
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Reply to MACinCT
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If on Medicaid the house has to sell at Market Value. Once sold, the proceeds will go for his care. Medicaid will stop and the proceeds spent down. Then reapply for Medicaid.

If private pay and may need Medicaid within the next five years, same rules apply. House has to be sold at Market Value. Money put aside for his eventual care.
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Reply to JoAnn29
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How is the remainder of his nursing home bill paid? If it is Medicaid, he cannot sell the home and give the money to his son. You might want to ask a lawyer in your state how to best proceed with selling the home.
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Reply to Marcia7321
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