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#1 |
Moderator
Donating 4WT 18K Club Member |
You may want to check into selling the house and land and using that money for a nursing home near you, just in case. You'll need that money to take care of your dad no matter what, so I would really make sure your brother knows that if he wants to purchase it, he will have to pay the appraised price like everyone else. It's for your dad....not him.
I don't know that much about the Medicaid stuff, because I haven't had to go through it. My sister-in-law did all the work with that for my in-laws and it's all too confusing to me.
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To every thing there is a season, and a time to every purpose under the heaven. ECCLESIASTES 3:1 |
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#2 |
Guest
Posts: n/a
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I can tell you that I've been doing tons of paperwork and applications dealing with things for my mom. A lot of applications ask, "has any property been transferred within the last 2 years". So yes, even if it's sold, there could still be repercussions.
One thing I forgot to mention-if his property is paid off (or close to paid off) he should probably be eligible for a reverse mortgage. You might want to check into that. His property could actually provide an income for him. |
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