Buffalo, NY asked in Elder Law for Texas

Q: How can my siblings on medicaid receive approximately $30,000 each from the sale of my parents' small farm in Texas?

4 siblings

2 receiving Medicaid (hospice at home due to cancer; surgeries & related treatments due to heart condition)

25 acre farm with an approximately 100 yr old home in dire need to repairs to be livable

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1 Lawyer Answer
Terry Lynn Garrett
PREMIUM
Terry Lynn Garrett
Answered
  • Elder Law Lawyer
  • Austin, TX
  • Licensed in Texas

A: They can't. Medicaid comes from the general tax revenues, not from a fund we have all paid into. For that reason, a Medicaid recipient can have no more than $2,000 in the bank. They will simply have to pay for care until the money is gone. Please note that if your siblings disclaim their inheritance, Medicaid will treat it as if they received it and gave it away and will not pay during a penalty period of about 150 days.

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