Posted by Ron(SC) on November 16, 2000 at 05:48:05:
First, if there is really no interest in selling, there is no use is speculating. Not to be cold, but keep your eyes on the obituaries.
If there are objections, these can be addressed. If there is interest, you might want to engage a lawyer to
review their options, which could include:
- A lease option
- A gift to the children, who then sell
- A healthcare trust
Because Medicaid is a state program, rules vary. In my state, the receipient may keep their personal residence and personal property, but must sell everything else and exhaust those resources before obtaining Medicaid funds. Additionally, many states will file against the estate to recover any Medicaid funds spent.