ASK HARRY: What Should We Do With Family Home to Get Financing and Avoid Medicaid Estate Recovery?
Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987. Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987. Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987.
Question: My grandmother passed away in 2001 in Massachusetts and died intestate leaving her house. My uncle and mother are her direct descendants. My uncle lives in the house but is currently ill with cancer, heart, and kidney issues but is recovering from surgery in a rehab facility and needs to go home soon to receive cancer treatments. If he stays in the rehab facility they won’t cover the cancer treatment.
The house is in need of major repairs for him to live there and he does not have the means to pay for the repairs himself. He’s been on Medicaid for many years and lives on a very low income. I could help get the home repaired and that would allow him to live there and and receive the cancer treatment he needs but I’d need to get the house titled in my name and take a home equity line of credit out to pay for the repairs. The house would normally go to both my mother and him after my uncle’s death and they are both will sign over their interest in the house to me.
.Heavy thunderstorms are forecast from this afternoon to early
Thursday morning. This activity has the potential to produce several
inches of rainfall for portions of Central Alabama. A broad area of
Central Alabama is included in a Flood Watch as there is some
uncertainty regarding exactly where the heaviest corridors of rain
may occur.
...FLOOD WATCH IN EFFECT FROM 4 PM CDT THIS AFTERNOON THROUGH
THURSDAY MORNING...
* WHAT...Flooding caused by excessive rainfall is possible.
* WHERE...A portion of central Alabama, including the following
counties, Autauga, Barbour, Bibb, Blount, Bullock, Calhoun,
Chambers, Cherokee, Chilton, Clay, Cleburne, Coosa, Dallas,
Elmore, Etowah, Greene, Hale, Jefferson, Lee, Lowndes, Macon,
Marengo, Montgomery, Perry, Pickens, Pike, Randolph, Russell,
Shelby, St. Clair, Sumter, Talladega, Tallapoosa and Tuscaloosa.
* WHEN...From 4 PM CDT this afternoon through Thursday morning.
* IMPACTS...Excessive runoff may result in flooding of rivers,
creeks, streams, and other low-lying and flood-prone locations.
Creeks and streams may rise out of their banks. Flooding may occur
in poor drainage and urban areas.
* ADDITIONAL DETAILS...
- http://www.weather.gov/safety/flood
PRECAUTIONARY/PREPAREDNESS ACTIONS...
You should monitor later forecasts and be alert for possible Flood
Warnings. Those living in areas prone to flooding should be prepared
to take action should flooding develop.
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