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elder law question. Are proceeds from a homes belongings considered to be assets towards payment toward nursing home?
Perkasie, PA
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Posted 3 months ago in Probate
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can children go into home and take what they want and then use the auction proceeds as assets or aren't the proceeds considered assets?? I don't mean the sale of the home - that would be an asset to help pay for nursing home.
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Answers (1)
Biagio V. Musto II
This attorney is licensed in Pennsylvania.
Posted 3 months ago.
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In general, household furnishings are considered exempt, at least in PA. However, if the nursing home recipient sold her home furnishings and ended up with money as a result, that cash is a countable asset. Therefore, if you were to sell her furnishings at an auction that money would be counted as an asset and would need to be below the limit- in PA the limits are between 2400 and 8000. Please check with an elder law attorney in your state for your specific limits.
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