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Roger
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Category: Real Estate Law
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If I buy one of my brothers rental houses at fair market value,

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If I buy one of my brother’s rental houses at fair market value, can Medicaid/Medicare demand payment from me should he need nursing home care in the near future? I am buying the house with a partner who is not a family member.
Submitted: 5 years ago.
Category: Real Estate Law
Expert:  Roger replied 5 years ago.

Hi - my name is XXXXX XXXXX I'm a Real Estate litigation attorney here to assist you.

 

No, you should be safe. The Medicaid look-back period only pertains to transfers that were not made with adequate consideration/fair market value paid in exchange for the property.

 

Thus, as long as you pay a fair amount, you are safe.

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