Frequently Asked Questions: Elder Law
What about my house?
If you are an unmarried individual, your house will not be a countable asset, as long as it is worth less than $814,000. It is, however, lienable by the State. By that we mean that if you qualify for Medicaid, upon your death, the State will require your heirs to sell the house and pay back the State whatever the State put out for your nursing home care. In the event that you have a spouse or a child who qualifies under the caretaker/child rules, the house may be conveyed to the spouse or to the caretaker/child, and no lien will attach. The value limit remains at $814,000.