Medicaid home sale question

by paul
(brooklyn,ny)

What if you sell your house and put the money in your childrens name and you become medical disabled and are admitted to a nursing home, can medicaid still come after you. I live in new york state.

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Mar 24, 2015
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starstarstarstarstar 		Gift of house proceeds to children
by: K. Gabriel Heiser

If you make a gift of the house--or the proceeds of a sale of the house--to your children and then apply for Medicaid within the next five years, there will be a very long penalty period during which Medicaid will not pay the nursing home bills. In most cases, it will be better not to apply until after the five-year lookback period has expired.

K. Gabriel Heiser
Author, Medicaid Secrets (www.MedicaidSecrets.com)

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