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jay7272 Asked November 2017

Can my parents buy a house jointly with me (son) and still be eligible for Medicaid in Illinois?

bryort Nov 2017
No

freqflyer Nov 2017
Jay, if your parents need to be placed on Medicaid in the future and they own real estate, even if it is half a house, Medicaid could place a lien on half the equity in the house. That becomes complex.

It would be best for you to talk with an Elder Law Attorney as they are very familiar with Medicaid rules and regulations, thus guide you on the best route to take.

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