A mother's three-year nursing home stay cost $180,000, covered by Medicaid. After she died, the state placed a lien on her home, forcing her children to sell the inherited property to pay it back. Medicaid doesn't tell you this can happen, but a trust can protect your heirs.
Mom spent 3 years in a nursing home with Medicaid paying her bill. And when she died, her kids inherited her house. Then a few weeks later, the state sent a bill for $180,000. It's called Medicaid estate recovery, and every state does it. Medicaid paid for mom's care. Now they want it back, and they're taking the house to get it. The kids thought they were inheriting a $250,000 home, but what they were inheriting was a lien. And they had to sell the house to pay off the government. Medicaid does not tell you this when they approve the coverage. They just wait until mom dies and then they send the bill. With a little advanced planning, there is a way to avoid this. It involves a trust. Follow me for more.
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