My mother, 84, lives in Kansas and due to some injuries and dementia will have to move into a nursing home soon. She's of limited means and will have to spend down her remaining financial resources to qualify for Medicaid to pay for her care. I know that she'll be audited when she applies for Medicaid and the program will look over five years of her finances to determine if she has made gifts or transfers of funds that would be penalized.
For the last 15 years my mother has lived in a condominium owned by my brother and I. It's fallen into disrepair and she would like to hire someone to fix some of the problems on the property. My question is whether, if my mother pays to have substantial repairs made to the property, she will be penalized for those expenditures when Medicaid looks back over her finances because she is not the owner of the property? Is there a limit as to how much she should spend?
Any advice would be most appreciated.
For the last 15 years my mother has lived in a condominium owned by my brother and I. It's fallen into disrepair and she would like to hire someone to fix some of the problems on the property. My question is whether, if my mother pays to have substantial repairs made to the property, she will be penalized for those expenditures when Medicaid looks back over her finances because she is not the owner of the property? Is there a limit as to how much she should spend?
Any advice would be most appreciated.