Home arrow Mortgage Forums arrow Budgeting and Personal Finance arrow

Sick Father

Author Message
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10148
Location: Nevada
941.94 Dollars($)
Post Posted: Fri May 08, 2009 8:34 pm    Post subject:
Like 0
Dislike 0

Hi highlights,

Yes, there are chances that Medicaid would put a lien on the house for reimbursement of her medical cost that medicaid paid for.

Thanks
dawn migliore

Guest







Post Posted: Sun May 10, 2009 10:16 am    Post subject: lien
Like 0
Dislike 0

i am a part owner of a bldg, my uncle is the other owner medicaid wont kick in till they exhaust his assets, we are selling the house but power of attorney on his behalf went to his daughter because he is considered incompetent to handle things, will he still get 90 days to turnover his portion of the home to his kids so medicaid doesnt put a lien on his share and if yes does that mean when its sold his kids can keep the money or does medicaid want whats owed to them? the house is paid for
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10242
Location: ALASKA
1042.50 Dollars($)
Post Posted: Sun May 10, 2009 11:20 pm    Post subject:
Like 0
Dislike 0

Hi dawn,

Though he has given a power of attorney to his daughter, he can still transfer property to his kids. However, you have mentioned that he is considered to be incompetent to handle things. In such a situation, it would be better if the daughter handles these things on his behalf.

Medicaid has the right to recover the money from the kids. Moreover, you should note that Medicaid has a look back period of 5 years. Any transfer of property within the last 5 years will make your uncle ineligible for Medicaid benefits.

_________________
Procrastination is the enemy of your financial success
salvasanc

Guest







Post Posted: Tue Oct 27, 2009 10:39 pm    Post subject: Medicare taking parents assets after death
Like 0
Dislike 0

My Dad past two years ago and my mom past recently both with no will and both had medicare,there names are the only names on the grant deed, Medicare wants the house for paymet, It is legal for them to take the house.
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10242
Location: ALASKA
1042.50 Dollars($)
Post Posted: Wed Oct 28, 2009 11:59 pm    Post subject:
Like 0
Dislike 0

Hi salvasanc,

As far as I know, Medicare can go for estate recovery in order to recover their dues. You may consult an attorney who is an expert in Medicare laws and take his opinion in this case.

_________________
Procrastination is the enemy of your financial success
my friends

Guest







Post Posted: Wed Jan 06, 2010 2:14 pm    Post subject: Hi everyone
Like 0
Dislike 0

I did lots of research, about medicaide, this is what i found out the state can put a lien on the house when that person dies, the only way around things is if you are living with this person for two years taking care of them to help keep them from going into a nursing home, then after two years they can transfer the deed. But you do have to contact a elder lawyer and file for power of attory for that person. It is well worth the $300.00 attorney fee's to help save your family home. Hope I could help!
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant
Icon Mini Profile gmakerley
gmakerley
Community Mentor
Community Mentor

best lender badge

Joined: 09 Nov 2007

Posts: 12330
Location: bloomfield, ct
50.03 Dollars($)
Post Posted: Fri Jan 08, 2010 3:42 pm    Post subject:
Like 0
Dislike 0

my friends, i think you've provided some valuable advice. and i would chime in and agree that the attorney's fee is worth the trouble, even if it rises as high as $600 or $700 or even more, depending on the location of the property and the property value, etc.
_________________
George M. Akerley
Independent Contractor - Mortgage Consultant
Word of Excellence Editing/Writing/Proofreading
860-221-5044
Icon Mini Profile autumn_limco





Joined: 05 Jan 2010

Posts: 11

2.36 Dollars($)
Post Posted: Sun Jan 10, 2010 8:23 pm    Post subject:
Like 0
Dislike 0

hi. i advise you to contact some lawyer about this matter. no one wants to lose a home unless deem necessary. if you can have other options to pay the debts, please do so.
_________________
Know more about Va Home Loan Funding Fee Disability
welch2

Guest







Post Posted: Sun Apr 04, 2010 5:21 am    Post subject: medicaid
Like 0
Dislike 0

my wife father past away and he was on medicaid for dialysis for about 4 years and her mom was on dialysis for 6 years she past away 2 years ago she was left the house where they lived she was told that medicaid would take the house even if they never where in a nuring home can they take the home for reimbursement
Icon Mini Profile jenkin7
jenkin7




Joined: 04 Jun 2007

Posts: 4537
Location: Hawaii
728.43 Dollars($)
Post Posted: Tue Apr 06, 2010 1:03 am    Post subject:
Like 0
Dislike 0

Hi welch,

As far as I know, Medicaid can take the home to recover the costs of dialysis. Your wife's parents may never have been in a nursing home, but they did receive Medicaid benefits while they were alive. The Medicaid would want to recover the costs they paid for her parents' dialysis.
roverstake2

Guest







Post Posted: Thu Jun 17, 2010 4:00 pm    Post subject: medicaid lien
Like 0
Dislike 0

I am trying to buy a property, the owner past away 8/1/2008 so a yr & a half ago. The deed was tranferred into his 3 childrens names 10/9/2009, 8 months ago. I am no relation. With the banks research a lien for over $128,000 thru medicaid just filed 6/15/2010, 8 months after deed transfer & over a yr & a half after previous owners death. The house appraised for $26,000. I am buying for $18,000. Its 100 yr old school house. Can this be fixed easily & quickly?
Icon Mini Profile savior70





Joined: 25 Mar 2009

Posts: 1895
Location: Florida
261.84 Dollars($)
Post Posted: Fri Jun 18, 2010 3:02 am    Post subject:
Like 0
Dislike 0

To roverstake,

I've answered this query at the following page. Hope, it helps you.
http://www.mortgagefit.com/budgeting-finance/about39916.html#169255
Icon Mini Profile pamrose





Joined: 02 Jul 2010

Posts: 3

1.80 Dollars($)
Post Posted: Fri Jul 02, 2010 2:27 pm    Post subject:
Like 0
Dislike 0

My uncle and I are joint owners of a co-op. I lived there 30 years ago for 10 years, then he moved in and has lived there since. My uncle had money that was to take care of him in his old age but was scammed out of 100,00s by a woman 4 years ago. Now he is being declared incompetant and needs to go into a nursing home. He has a $2500/month pension and very little cash left. My sister is becoming his guardian and medicaid is saying they will force me to sell. I want to keep this apartment as a place for my son and eventually myself to move to when I retire (6 years). What rights do I have. Mortgage is paid in full, I will be responsible for maintenance fees once he isn't.
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10242
Location: ALASKA
1042.50 Dollars($)
Post Posted: Fri Jul 02, 2010 11:56 pm    Post subject:
Like 0
Dislike 0

Hi pamrose,

Your query has been replied to in the given page:
http://www.mortgagefit.com/budgeting-finance/about40450.html

Take a look at it. Hope it helps you.

_________________
Procrastination is the enemy of your financial success
Carleen

Guest







Post Posted: Tue Aug 03, 2010 4:39 am    Post subject: Medicaid and Transfer of Title of Property
Like 0
Dislike 0

I keep reading that Medicaid will allow the transfer of the real property at least 90 days. Does this mean a Quit-Claim Deed with my mother reserving a life estate, or can the property be deeded to her children to avoid the medicaid lien?
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
 Previous  1, 2, 3, 4  Next  
Page 2 of 4

 
Refinance Quotes
Call for Rates
Speak to a lender now.
We will match calls to our toll free number with our network of lenders.
Highlights
Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Helpful References
34 Tax tips boost your savings
12 financial ways for Seniors
Budgeting Lesson 1
401k/403b Retirement Loan


Calculators     [View all]
Calculate Debt-Income Ratio
Calculate Retirement savings
Convert IRA to Roth IRA
Tax savings in 1031 Exchange


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.






Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.176 seconds.