If my Mother, sister and I own the property together and it's worth $6,000, that would be $2,000 each in ownership. Advice?

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shatter1 Asked January 2016

If my Mother, sister and I own the property together and it's worth $6,000, that would be $2,000 each in ownership. Advice?

Would medicare only consider her portion--$2000?

Medicaid

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Medicare or Medicaid? Only Medicaid looks at the assets and they look back 5 years at all financials and asset transfers. If she needs Medicaid, sell the property and split the proceeds OR you two buy out her interest at fair market value.

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If my Mother, sister and I own the property together and it's worth $6,000, that would be $2,000 each in ownership. Advice?

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