Paducah, KY asked in Contracts and Health Care Law for Kentucky

Q: how can an individual sell a home to a relative for 1$ and how much will this affect Medicaid?

the seller is currently in an assisted living facility the goal is to save the home which the adult childeren live.

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1 Lawyer Answer
Timothy Denison
Timothy Denison
Answered
  • Estate Planning Lawyer
  • Louisville, KY
  • Licensed in Kentucky

A: It can see for $1 because the $1 qualifies as valuable consideration. Much more info is needed to determine what effect, if any, it will have on Medicaid.

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