My fathers assets are running out. He still has his home, but is living in an assisted living facility. He also owns some commercial property that we’ve been actively trying to sell for the past 5 or so years. What are some of our options? He doesn’t qualify for Veteran help due to the time he served! His only income is his Social Security each month that only pays a portion of his monthly rent. Help! Looking for advice!
Edit: I know that Medicaid allows for people to keep their houses, and the state may/will file lien after the person has died. In this case, since the father isn't living in the home, would Medicaid still allow it to be kept while the father is alive? This is something I don't know, but maybe another user here will know, and this is something you'd want to ask an attorney.
See an elder law attorney to assist. The commercial properties will need to be specially dealt with.