There are many ways to protect your home from long term care, this guide describes several of them.
1
General Warning
Medicaid Laws are different in every state. Therefore, to appropriately use this guide YOU MUST contact a local attorney who concentrates his or her practice in Elder Law.
2
Transfer to Healthy Spouse
There are certain situations in which transferring title to a house (that is, a house a Medicaid applicant uses or has used as his or her primary residence) are not subject to the transfer of asset penalties. These situations include cases in which the Medicaid applicant transfers his or her interest in the house to his or her. The first of these situations is to transfer the house to the spouse living in the community.
3
Transfer House to the applicant's child who is under age 21.
If there is a child of the medicaid applicant (not a grandchild, niece, nephew or anyone else) who is under the age of 21, then the applicant may transfer the house to that child provided the child resides in the house.
4
Transfer the house to a sibling.
The Medicaid applicant can transfer the ownership of the house to the brother or sister who has an equity interest in the homestead property and who was living in the home for at least one year immediately before the date the applicant entered a nursing facility or applied for or received certain governmental services,.
5
Transfer the house to a caretaking child
The applicant can transfer the title to the home to a child (not a grandchild or anyone else) who provided care (either nursing or support) for the applicant and who was living in the homestead property for at least two years immediately before the date the applicant entered the facility or applied for or received certain governmental services.
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