Medicaid question for the board experts

[Deepfork]

My Grandmother is in a nursing home and she is set up with a life estate. In that is mineral rights to to a small acreage that a couple companies are trying to lease for 3 years for $6500. My parents are concerned that if she gets more than $2,000 it will knock her off Medicaid that helps pay for the nursing home. Is there a way around this?

 

[HopkinsPoke]

Change the deed of the acreage to your parents name.
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[anon_ph7vrsh7abnty]

Cactus is probably the Medicaid expert.
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[knoblock]

Good question Deepfork. My understanding is that Medicaid will take anything above $2000 in the bank account and you can not gift to keep it at that amount.

 

[poke957]

Have her attorney file a seperation on the minerals and then sell them to the kids for x amount.