Widowed Mom in Illinois has been on Medicaid since 1992.
Took out RM in 2003 to pay off CC debts.
House is in living trust w/me (daughter) to inherit upon her death.
She may be having to go into a NH.
Terms of RM say after 1 year if moms no longer living in her house, RM will no longer be in effect & loan will become due immediately, so it will have to be sold.
Couple of questions:
Will any proceeds (if any) from the sale of moms home get taken by Medicaid?
Also, if mom should pass while she’s living in her home (before entering a NH), what $ will I owe to anyone (besides the amount due to RM for loan)?