Quote:
Originally Posted by Steve McDonald
If you are hit with large medical expenses that wipe out your assets and have to turn to Medicaid for survival, your house will be exempt from any asset limitations for eligibility. If you own it outright, that could be very important. But if you still have a mortgage, how could you pay it?
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that is only true if the house is deeded in personal names only . if put in a revocable trust to avoid probate the catch 22 is it becomes a counted asset . lots of people do not learn the downfalls of this until after the fact .
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