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My father has a home with my grandmother listed as having a life estate in the home in MA. She is the only one living there. She recently moved into an assisted living community and he is selling the home. Next year, she will run out of money for the assisted living facility and will be requesting medicaid. When her application is processed, will the house count as an asset? Basically, the question is - If you are the life tenant, does the government count that home as your own personal asset?