Legal Question in Wills and Trusts in Ohio
Nursing homes and your property
Will my husband lose the house my father-in-law put in his name recently if he needs to be put in nursing home within the next five years?
Asked on 5/20/02, 1:00 pm
1 Answer from Attorneys
Frank Rozanc
Frank J. Rozanc, Esq.
Re: Nursing homes and your property
If the father-in-law makes a Medicaid application within 36 months of the transfer of the property, the fair market value of the property will be included in the father-in-law's assets, and generate a period of ineligibility for such benefits. Remember, maximum assets for a single person to be eligible for Medicaid is $1500.00.
Answered on 5/20/02, 1:56 pm