Follow
Share

I am a divorced man age 63 living in the same house as my ex-wife who is 65. We were married 25 years before divorcing. The divorce decree States when we sell the home we both get 50%. We live in New Jersey and now she had a stroke and requires to the nursing home. Both our names are on the deed. I want to remain in the home. Will Medicaid count the home as assets and penalize her. Will they force me to put the house up for sale and sell it now?

This question has been closed for answers. Ask a New Question.
Find Care & Housing
Your best move is the contact an eldercare attorney in your state who understands Medicaid.

I think (I am NOT a lawyer) that Medicaid allows someone to own a hone and a car, in addition to other allowable assets. If you buy out her half of the home, the cash becomes a countable asset for her. Since you are divorced, your half of the value of the house is yours.
Helpful Answer (0)
Report

There are lots of people on the forum with good experience of Medicaid who will be along shortly to advise you, I'm sure.

But meanwhile: would this not be the right time for you to move on, and turn a very upsetting event to at least some sort of advantage? It might be more straightforward for your ex-wife and liberating for you, no?
Helpful Answer (0)
Report

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