If I sell my home to a relative or anyone else for less than fair market value, will that be considered a gift which could disqualify me from getting Medicaid to pay for my nursing home costs? Yes. Medicaid could take the position that the difference between the sales price and the true market value was a gift, and that could disqualify you. Before deciding to sell your home to anyone other than a stranger, consult with an experienced ElderLaw attorney.
-Attorney Jack N. Alpern