Paul consult an elder attorney. Your mothers share of condo is exempt now, but once you sell it the proceeds for her share could easily disqualify her for Medicaid. And you can't just keep her share for yourself because it will expose you and her to all kinds of legal penalties. So find attorney experienced in Medicaid for your state.
Paul, you might want to check with your State Medicaid office to see how that can be done, and how to place the equity into a bank account for your Mom. Chances are Medicaid could already have a lien on the property.
A jointly owned property means your Mom would be entitled to 50% of the equity in the condo. Thus Medicaid might put a hold on using Medicaid money to pay for her care until that 50% has been used as self-pay.
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A jointly owned property means your Mom would be entitled to 50% of the equity in the condo. Thus Medicaid might put a hold on using Medicaid money to pay for her care until that 50% has been used as self-pay.