Elder Law Attorney Craig Reaves on Medicaid and the Primary Residence

Medicaid provides care for elders with a catch.  Their primary residence is exempt, but states impose specific rules and dollar amounts as they wish.

This is why I frequently tell clients it’s smart to gain clarity from their estate planning or elder law attorney.  In this type of situation, an ounce of prevention is truly preferable to a pound of cure.

State laws differ, so check to see what applies where your parent or grandparent lives, but Craig Reaves has several interesting things to say about managing a primary residence when an elder is on Medicaid.  Planning ahead may help avoid a lien on the home after an elder passes, but keep in mind there are many restrictions and rules.

Read the entire New York Times blog post by elder law attorney Craig Reaves.

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