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This is called "estate recovery," and given the rules for Medicaid eligibility, the only property of substantial value that a Medicaid recipient is likely to own at death is his or her home. She earned a Bachelor of Science degree in economics, cum laude, from Smith College and a J. Amy assists business owners and individuals with estate planning matters, such as the preparation of wills and trusts, business succession planning, guardianship and probate matters, and elder law matters. lead to a Medicaid penalty period, which would make you ineligible for Medicaid for a period of time.
If possible, you should consult with an attorney before entering a nursing home, or as soon as possible afterwards, in order to discuss ways to protect your home. There are circumstances in which it is legal to transfer a house, however, so consult an attorney before making any transfers.
To find a qualified elder law attorney to assist you, click here.Mildred (Frances Mc Dormand) wasnât always miserable.