Posted on: 25th Mar, 2010 12:12 pm
If my mother is a co borrower on the loan on my house, does that make my house vulnerable to her medical expenses? ie. Medicare? that is, if she has to "spend" down her assets in order to get MediCal, does that included half of my house?
Hi cluchetti,
If your mother's name is mentioned in the property deed, then the property would be considered as one of her assets. As far as I can understand the situation, your mother will have to spend down her assets in order to get the MediCal benefits and this would include the half of the your property that your mother owns.
Thanks
If your mother's name is mentioned in the property deed, then the property would be considered as one of her assets. As far as I can understand the situation, your mother will have to spend down her assets in order to get the MediCal benefits and this would include the half of the your property that your mother owns.
Thanks
Hi cluchetti,
I think you should consult an elder law attorney because MediCal is very tricky. Do not do anything on your own.
Good luck
I think you should consult an elder law attorney because MediCal is very tricky. Do not do anything on your own.
Good luck