Follow
Share

My mom qualified for Aid and Attendance and she is currently in an assisted living but we want her to move when we move and to build her a mom-in-law home next to our home. I know they don't count your primary residence as an asset, but, I am wondering if she sells her home and buys the property will that still be considered not countable? I am concerned the home we build for her will take longer than the required one year to re-invest.


Also, under the new laws I think she can have $123,000 in cash as an asset and still qualify so I am wondering if we can keep some of the cash from her home sale in a bank account to use for her care without her being disqualified.



This question has been closed for answers. Ask a New Question.
You’ll need to contact the VA with your questions. My dad was recently denied for A&A and he has far less money than you’re talking about, but don’t look at that. Contact the VA and ask
Helpful Answer (0)
Report

Yes, there is a limit on the amount of assets you are allowed.
Helpful Answer (0)
Report

You can have a net worth of $123k in assets but doesn’t mean you can have $123k in cash in the bank. The $123k will include her monthly income. A&A is for low income. Selling her house and putting $100k in the bank is going to affect her A&A eligibility. Also with this new rule there’s is also a 3 year look back period now. It’s similar to the Medicaid look back period.
Helpful Answer (0)
Report

This question has been closed for answers. Ask a New Question.

Ask a Question

Subscribe to
Our Newsletter