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Questions Answered by Norma McCord Wells
1 Answer | Asked in Elder Law for Alabama on
Q: Have an elderly brother in nursing home needs to qualify for medicaid (no individual assets and meets income limit)

However, inherited 1/4 of a parcel of non-home land and 1/8 of home he has been living in prior to entering nursing home. Medicaid considers the perceived value of that 1/4 in considering monthly income! How can this be removed from his countable assets? Can one of the other 3 owners buy his... View More

Norma McCord Wells
Norma McCord Wells
answered on Feb 7, 2020

One of the other 3 owners, or anybody else for that matter, can buy your brother's share. Medicaid will expect the purchaser to pay 1/4 of the tax appraised value. Be aware, though, the cash paid for purchase will also be considered an asset or resource for Medicaid. If the purchase... View More

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