Q: Can my elderly mother purchase my home to make it into her primary residence and still qualify for Medicaid?
This will be an arm's length transaction.
Once she purchases my house, all her cash will be converted into home equity. She doesn't own another house. This will be her primary residence.
She currently lives with me so I can look after her. If we make this transaction, will I be able to live with her to continue to provide support.
A: She should record it with the central appraisal district as her homestead and live there at least a month before entering a nursing home and applying.
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