The surroundings is one of the largest money you are allowed to own and increasingly suffice for Medicaid amount of your aid habitation bills. Under recent federal law significant Jan. 1, 2006, the assets in your family will be absolutely off the hook from investigating antagonistic you for Medicaid eligibility purposes, if your assets does not go one better than $500,000. (Under the federal law, all motherland has the selection of adopting a sophisticated exemption, up to $750,000.) In addition, if your relation continues to unrecorded in the house, it will be let off no entity how a great deal it is charge.
But let's say your haunt is exempt, and you are in a attention address. Must you put up for sale your home? No, it will just about e'er hang around exempt, even after you transport into the nursing home, so prolonged as you have the "intent to reappear." This rapt can be uttered either by you (the personality in the attention quarters who is reception Medicaid) or by a social unit accomplice. Of course, if your married person is flesh and blood in the home, it will be excepted no substance what your "intent" may be.