Mortgage assumption and Medicare costs?

Question

My wife is interested in assuming her mom‘s mortgage. We have checked into this and it is something that she can do. However, the question we have is, if she assumes the mortgage and her mom unexpectedly goes into care, can the government force us to sell if it occurs in the five-year window? I believe the look back is a five-year window for Medicare?

my wife would assume the loan, and quit claim deed her mom off. We don’t anticipate this happening however, you need to prepare for every scenario.

Jonathan Bock · Answer

@Connor Williams

This is not a DIY project Medicaid regs will vary state by state and every case is not the same.  Please consult with your advisors unfortunately a chat gpt prompt won't give you the solution.

Brandi Russell · Answer

It is important to consult with a legal professional or financial advisor to fully understand the implications of assuming the mortgage and how it may potentially affect your financial and legal responsibilities in the event of unforeseen circumstances such as her mother requiring care. Medicare's look-back period for eligibility is generally five years, but it is advisable to seek personalized advice to ensure you have a comprehensive understanding of the potential risks and protections in your specific situation.