Posted on: 06th Nov, 2010 06:52 am
My Mom had a warranty deed (for her home and also for a piece of commercial property) signed on May 24, 2005 with Life Estate with the deeds to take effect at death.
She is in Arkansas
She is now in a nursing home, her other assits are now at less than $2000.
her income is $424 from SS and We give her the $500 per month income from the commercial property we manage.
will the property keep her from getting medicaid.
Thanks
Barbara
She is in Arkansas
She is now in a nursing home, her other assits are now at less than $2000.
her income is $424 from SS and We give her the $500 per month income from the commercial property we manage.
will the property keep her from getting medicaid.
Thanks
Barbara
Welcome Guest,
If your mother is the owner of the property, then there can be problems for her to receive the Medicaid benefits. You should contact a local attorney well versed with the Medicaid laws of your state and take his opinion in this matter.
If your mother is the owner of the property, then there can be problems for her to receive the Medicaid benefits. You should contact a local attorney well versed with the Medicaid laws of your state and take his opinion in this matter.