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Suppose a widowed parent 84 years old whose son has been living with and caring for her in her house for over 15 years and the parent must now be confined to a nursing home for proper care. The property remains in the parent's name having never been transferred or deeded to the son. Is the property subject to the Medicare asset assessment or is there a waiver or exemption excluding the property from her assets since the son has made the property his home for such a long a period of time while looking after his aging mother? If so, how is something like this handled or addressed? Is there a gov't or other agency that one can call to get an explanation? Thanks in advance for any information or advice. |
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A consideration of who is living in the house is not really relevant from a legal or fiscal standpoint.
For Medicare purposes, what is critical is who is the OWNER of the property. The government cares who the property is DEEDED to. The fact that you live there ( even if you live there to take care of her ) doesn't grant you a claim of ownership. Last edited by GentleGrace : 09-09-2008 at 03:58 PM. |
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