What is the name of your state ? Colorado
Hi,
I'd be very grateful to hear any advice around my situation w/ my grandparents Medicaid.
I have a legal question regarding what a "primary residence" is. If my mom buys my grandma's home (no mortgage), and my grandma buys my mom's home (no mortgage), but my grandma continues to stay in that home, and my mom continues to stay in the home my grandma buys, would their new "primary residence" be the home they just purchased?
All the bills going to the house will be to the owner of the house, and no money will be paid between my mom and my grandma except for maybe $50/month for differences in the electricity, etc.
--If this scenerio works, I believe my grandma will qualify for Medicaid w/out having to spend down ~$250k of her savings, and it allows her to live in the house that is close to my grandpa's nursing home.
Any comments would be greatly appreciated!
EWhat is the name of your state?
Hi,
I'd be very grateful to hear any advice around my situation w/ my grandparents Medicaid.
I have a legal question regarding what a "primary residence" is. If my mom buys my grandma's home (no mortgage), and my grandma buys my mom's home (no mortgage), but my grandma continues to stay in that home, and my mom continues to stay in the home my grandma buys, would their new "primary residence" be the home they just purchased?
All the bills going to the house will be to the owner of the house, and no money will be paid between my mom and my grandma except for maybe $50/month for differences in the electricity, etc.
--If this scenerio works, I believe my grandma will qualify for Medicaid w/out having to spend down ~$250k of her savings, and it allows her to live in the house that is close to my grandpa's nursing home.
Any comments would be greatly appreciated!
EWhat is the name of your state?