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I am sorry to hear of your dilemma. I realize how frustrating this is for you, but I believe I have information which you will find helpful.
You can not buy the house for less than market value or it could cause a delay in your father's eligibility for medicaid. Tomthe extent that the sale price to you is below market value it would be treated as a gift to you and Medicaid, for eligibility determination, looks back 5 years for gifts and transfers.
So, no, you can not do what you are planning and still have your father qualify for Medicaid.
There are methods for protecting assets and you should consult with an elder care or estate
planning attorney in your area.
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