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gail1234 Asked June 2017
Can my parents' portion of money from the sale of a house be put in a trust fund?
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parent is disabled on Medicare, Mass Health and a United Healthcare senior care options. House in process of sale. parent portion will be approximately $60K. Parent can only have $2,000 in bank account or else will lose Mass Health and UHC. Parent is now in assisted living and $60K proceeds will be used for payment. Parent only has 2 months to spend down or will lose their current benefits. what can we do?
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1 Answer
Guestshopadmin Jun 2017
Talk to a lawyer. There may already be a lien on the proceeds for care provided under Medicaid I.e. MassHealth state programs. You need a lawyer to review documents and, if proceeds are still parent's without lien, how to set up trust.
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