What is the name of your state (only U.S. law)? NY
If my mother went to a nursing home and then, over time, depleted her finances and qualified for Medicaid, where would the funds come from to maintain her former home?
Even if it was placed on the market for sale, it could take sometime before being sold and homeowners insurance, taxes, utilities, etc would have to be paid.
Fortunately, I'm not in this situation, but it is a possible scenario that could happen down the road.
Thanks. Lykele
If my mother went to a nursing home and then, over time, depleted her finances and qualified for Medicaid, where would the funds come from to maintain her former home?
Even if it was placed on the market for sale, it could take sometime before being sold and homeowners insurance, taxes, utilities, etc would have to be paid.
Fortunately, I'm not in this situation, but it is a possible scenario that could happen down the road.
Thanks. Lykele