My husband and 2 siblings own a piece of property as tenants in common. One sibling has a 1/5th share and has applied for Medicaid long term care (nursing home). All his other funds have been spent down but his 1/5th share is being listed as a countable asset so he's been denied. My husband and other sibling can't afford to buy him out, and they do not want to sell the land which has been in the family since the 1980s. They realize that if the land were ever to be sold, the nursing home sibling would have to use his share for the costs of his care. I think they'll have to consult an attorney about appealing the denial, and I know the situation varies depending on the particular state's regulations. Just wondering if anyone has any experience with this, or any advice?
The Medicaid applicant's other assets were higher than allowed when he applied, but by now they are down as another month of nursing home fees had to be paid. So, all that has to be done is send new documents showing the assets are now under the allowable limit, and we expected this.