Several Readers’ Long Term Care Answers

Dear Mr. Premack: My mother-in-law is 88. Has been in nursing home in TX for several years. Husband is deceased. She owns home value 60k, no liens. Two sons own 1/4 each. She has willed her 50% to my wife to take care of a third son who is in same nursing home. Granddaughter lives in home…

2018 Texas Medicaid Income Limits & Asset Limits (2017 and 2018)

Long Term (Nursing Home) Medicaid Limits in Texas 2017 2018 Income Limit (one Medicaid patient) $2.205/mo $2,250/mo Income Limit (both spouses) $4,410/mo $4,500/mo Countable Asset Limit $2,000 $2,000 Protected Resource Amount, minimum $24,180 $24,720 Protected Resource Amount, maximum $120,900 $123,600 Spouse Maintenance Allowance (MMMNA) $3,022.50/mo $3,090/mo Transfer Penalty $162.41/day as of 09/01/2015 $172.65/day as of…

Protecting Home Sale Proceeds

This column first appeared in the San Antonio Express-News and on MySA.com on 8-14-2015. Dear Mr. Premack: My mom and I own a house together, and are both on the mortgage. I currently live in the house and my mother is in a nursing home on Medicaid. I’m wanting to sell the house. What can…

Title Transfer and Taxes under Lady Bird Deed

This column first appeared in the MySA Express-News on December 11, 2014. Dear Mr. Premack: My wife, as Grantee on a Lady Bird Deed, received ownership of her parents’ house after her mother’s death earlier this year. Her father is in a nursing home with no possibility of ever going home. Intentions are to sell…