Legal Question in Real Estate Law in Minnesota
Can the state take the money after the sale of a house?
My grandpa is in the Nursing home and may have to start paying for his own care when Medicare runs out. If he gives the home to a family member and they sell his house can the state get the money from the profit the family member receives from the house?
1 Answer from Attorneys
Re: Can the state take the money after the sale of a house?
Well not exactly, but the gift of the house would disqualify grandpa from medicaid benefits for 36 months. The result is similar, since you might need to use the proceeds of the house to pay for the nursing home.
There is a certain amount (about $3,500) grandpa can give away per month and stay below the radar. Someone in your family should consult a lawyer. There's a lot of money that could be saved.
Good luck.
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