Follow
Share

My home was purchased for me by dear friends, but left in their name. We are discussing putting the home in my name. Its value is much less than the $50,000 I have seen as a limit. Will the acquisition of property, which would continue to be my primary residence, jeopardize my Medicaid eligibility?

This question has been closed for answers. Ask a New Question.
NO ! Don't even think of doing that!! Medicaid will claim the asset.!! And the tax implications would be HUGE! That would be a very large and taxable gift!!
Helpful Answer (2)
Report

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