Medic Aid
My father does not have any propery in Florida but he does have a farm with a house out of state value around $50,000 He is suffering from Alzheimers stage 1-2. A form 3008 have been fill. i am applying for Medic Aid and medic aid waiver for him.
1) What is the maximum property value allowed in the state.?
2)Will the state can place a lien on a property out of state?
3 Answers from Attorneys
Re: Medic Aid
Applying for Medicaid benefits becomes more complex when you are having to deal with out of state property. You should consult with a Medicaid Planning Attorney to help you qualifying your father for benefits.
Re: Medic Aid
The asset cap for Medicaid Qualification purposes in $2,000 in the state of Florida, with the exeption of homestead property, one vehicle, one wedding and engagement rign, and household furnishings.
There are different planning tools that we use to help qualify clients with excess assets such in your father's case. Please contact our firm if you would like to discuss this further. We do not charge a consultation fee.
Re: Medic Aid
There are many factors that are in play in situations like yours. You should consult with an attorney about creating a Medicade Trust to protect your father's assets.
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