QUESTION
How do I find out about Florida''s laws regarding medicaid coverage?
Asked on Jun 30th, 2012 on Elder Law - Florida
More details to this question:
My inlaws are moving from NY to FL. My father in law has Alzheimer''s. My sister-in-law and her family will be taking care of them. My inlaws sold their house, intending to put that money toward a house in Florida that will be large enough for them and my sister-in-law''s family. They intended to put the house in my sister-in-law''s name to protect her from having her home taken from her if they needed to turn all their assets over to a nursing home later on. My brother in law, a lawyer in CA, says that this means they will not be eligible for medicaid.
1 ANSWER
4 Awards
If your in-laws state that they intend to return to their home when entering the nursing home, the state cannot take the home. However, if they make a gift of the proceeds from the sale of their house to your sister-in-law, that transfer could incur a penalty period.
Answered on Jul 03rd, 2012 at 1:14 PM