Will I have to sell the house to qualify for medicaid?

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Elder Needs Law, PLLC

Elder Needs Law, PLLC

Күн бұрын

Пікірлер: 5
@samswish300
@samswish300 4 жыл бұрын
If the house is paid off and less than the home equity limit, do I still need to do an asset protection trust?
@elderneedslaw
@elderneedslaw 10 ай бұрын
Not in Florida.
@viswananuthshamsundar89
@viswananuthshamsundar89 5 жыл бұрын
If your house have more than the equity limit can you still qualify for Medicaid?
@elderneedslaw
@elderneedslaw 5 жыл бұрын
Yes, if there is more than 585K in equity (as of January 2019), it is still possible to qualify for Florida Medicaid. Some strategies include, pulling equity out of the house (taking a small mortgage), selling equity (likely to a family member that will eventually inherit the house), and renting the house. Discuss with your Medicaid attorney what strategy is best for your unique circumstances. Good luck to you!
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