Follow
Share

My mother has a home that is paid in full and is currently in a nursing home. She has lived on a very limited monthly income since my father passed away and currently did not qualify for Title #19 in Iowa due to small 5000 insurance policy she had in her name that we were not aware at the time of filing for Title 19. If she sells her home to one of her children for fair market value and utilizes the funds from this sell on her NH care until they are depleted. Would there be any issues regarding the 5 year look back to the child that purchases this property? Q.

This question has been closed for answers. Ask a New Question.
Find Care & Housing
Yes, this is the correct way to sell the property. See an attorney about how to do the proper paperwork.
Helpful Answer (0)
Report

Benjamin, it would be best for you to contact your Mom's State Medicaid office with that question.... as every State has different rules and regulations.
Helpful Answer (0)
Report

This question has been closed for answers. Ask a New Question.
Ask a Question
Subscribe to
Our Newsletter