If my parents sold their home and have lifetime rights to it, can they get help to pay for a caregiver in the home?

Question

W

whiteflower Asked March 2014

If my parents sold their home and have lifetime rights to it, can they get help to pay for a caregiver in the home?

Sold home and then put money in bank to live on, they are able to live in home until they pass away, they have to pay for household expensives such as food ,oil to heat the house, electricity , phone, etc. Since the sale of the house my dad passed away...Mother has alzheimer and she has lifetime rights to live in the home, but she can don live alone..can she get help to pay for a caregiver

Financial Planning

2 Answers

Most
Helpful Newest
First Oldest
First

Recent Questions

Related Questions

score 1 · Answer 1

She may be able to qualify for help after she has spent the money that she has in her account. The money has to be spent wisely, since if she were to need to qualify for Medicaid in the future there is a lookback period. It seems to me that a caregiver would be a valid expense.

Helpful Answer (1)

score 0 · Answer 2

Is this sort of a reverse mortgage type of thing, but no guaranteed income beyond social security once the sale proceeds run out? Eek. You would think you could spend money on a caregiver, and qualify for Medicaid once all the money is spent, but you might need help from an eldercare attorney or estate planner to be sure.

Helpful Answer (0)

If my parents sold their home and have lifetime rights to it, can they get help to pay for a caregiver in the home?

2 Answers

Recent Questions

Popular Questions

Related Questions

Ask a Question