How To Protect The Family Home From Medicaid Recovery

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Because the home is the largest asset a couple can keep while still qualifying for Medicaid, it is also usually the main target of estate recovery.

Sidney and Rachel’s Story

Sidney and Rachel had lived in their home since it was new.  They built it just after Sidney got a promotion to regional sales manager for a shoe distributor.  Through the years, the house was remodeled twice and expanded to add a loft bedroom.  Even when their children were grown with families of their own, they all remained close, with frequent family gatherings for holidays and birthdays.

Sidney and Rachel had paid off the mortgage and two second mortgages before Sidney retired.  So in addition to being the center of family life, the house had also become the couple’s biggest asset.  ….read the entire article by going to the link below

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