If a person (Medicaid) is living in a nursing home but owns property elsewhere, won't an Irrevocable Trust save her property so that when she dies it won't go back to the state? Also, does the state pay the nursing home extra for a person who is Medicaid? For a measley Social Security check for one on Medicaid is very little for a nursing home. I do know that $60 can be kept for the Medicaid person each month. It costs almost $6,000 a month to live in a skilled nursing home. marymember
2 Answers
Helpful Newest
First Oldest
First
When she dies the equity in her house goes to the state, because they have been paying for all of her care. Family can buy the house for market price if they want to when it goes up for sale.
ADVERTISEMENT