Do All the Proceeds From Selling the House Have to Go Toward Memory Care?2022-09-222022-09-22https://www.halllawgroup.com/wp-content/uploads/2019/03/new-law-office-of-jeffrey-hall-pc-4.jpgLaw Office of Jeffrey Hall, PChttps://www.halllawgroup.com/wp-content/uploads/2019/03/new-law-office-of-jeffrey-hall-pc-4.jpg200px200px
Unfortunately, it’s too late to gift. Any gift could be penalized by a period of ineligibility for Medicaid benefits. There are a few exceptions to this rule. One is that transfers may be made to a trust for the sole benefit of a disabled individual. If either you or your brother is disabled, you may be able to take advantage of this exception.