North Carolina  |  Elder Law

Legal Question

Asked on: 3/15/12, 9:42 am

And Elder Law question. My mother, of who I am Legal Guardian, has recently been placed into skilled nursing facility with 75% private pay, and 25% coming from Medicaid. We have to sell her residence due to a reverse mortgage, but when the house is sold we have been advised that will be an asset, and thus Medicaid would stop, until the house sale assets are elimated, then back to Medicaid. Can I transfer the house to my name, as Guardian, and not risk her Medicaid status? House is worth $170K. Also, she is due to get a VA pension payment for $10K for past pension due to her, can that be gifted vs falling into the Medicaid Asset status? thanks!

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