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Should an 86yo sell her home?

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barbara2416 Joined: 21 Sep 2009 Posts: 1 1.00 Dollars($)	Posted: Mon Sep 21, 2009 12:10 pm    Post subject: Should an 86yo sell her home? Like 0 Dislike 0 My 86yo mother-in-law ownes her home. She wants to sell. Value unknown. She was in a nursing home under Medicaid recently. If she sells the home what should be done with the money? She wants to divide the money amoung her 3 children. Will the children have to return the money to Medicade if she is admitted to a nursing home? If the home is not sold can MCD attach the home after death for payment for her stay in a nursing home? Thank You Barbara Douglas
adonis Joined: 22 Oct 2005 Posts: 10250 Location: ALASKA 1043.57 Dollars($)	Posted: Mon Sep 21, 2009 9:37 pm    Post subject: Like 0 Dislike 0 Welcome barbara, If your mother-in-law sells off the property now, she may not remain eligible for the Medicaid benefits as they have a look back period of 5 years. If the property is not sold, then medicaid can sell off the property in order to recover the dues. _________________ Procrastination is the enemy of your financial success

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