Medicaid nursing home coverage isn't free. A woman's $280,000 house got hit with a $288,000 lien after she died. There's a legal structure that blocks it, but you need to set it up five years before care starts.
So your mom spent 3 years on Medicaid at the nursing home, and Medicaid paid the nursing home bill about $8,000 a month, and everybody was very grateful for that. When your mom died, she had one asset left. That was the house she'd been living in for 30 years that was paid off. House was worth $280,000. Your dad was still living in it. After your mom's funeral, a letter from Medicaid came in. They want all their money back, $288,000. They put a lien on the house and it can't be sold until they're paid off. What a lot of people don't understand is that the money that Medicaid pays for a nursing home is not free. It's a loan. That loan is secured by everything you own. There is a legal structure that will stop this dead in its tracks, but it has to be in place 5 years before the care is needed. And most people find out about it too late. I'm going to explain this exact solution in a workshop next Thursday, but the seating is limited. So comment "workshop" and I'll send you the link as long as I can. So go up and click the link in my bio and register ASAP. And if you will DM me the word workshop, I'll send you the link as long as I can.
comment workshop.free still need plan to keep people out of court. learn how to in less than an hour
